elevation partners
| 2:47PM 11/16/2010
Forbes Media is reaching outside the family ranks for the first time to name a new CEO, the company announced Tuesday. Veteran venture capitalist and media executive Mike Perlis will assume his new post Dec. 1, replacing longtime CEO and former presidential candidate Steve Forbes.
| 11:40AM 6/29/2010
Private equity firm Elevation Partners has snapped up $120 million in Facebook shares on the secondary market, valuing the social networking giant at $23 billion.
| 6:40PM 9/17/2009
Palm (PALM), the onetime smart-phone pioneer now on the rocks, is racing against the clock as it burns through cash in a last-ditch effort to turn its business around. Despite positive buzz and strong sales of its Pre device, the company reported its ninth consecutive quarterly loss Thursday as...
| 7:40PM 7/15/2009
For years, Forbes.com has been the envy of the financial press, with Web traffic far surpassing that of competitors such as BusinessWeek.com and WSJ.com.
But the site's fortunes have taken a turn for the worse lately, and now someone is apparently answering for it: Jim Spanfeller, president and...