Burns, Mairin
April 2003
Investment Dealers' Digest;4/28/2003, Vol. 69 Issue 17, p22
Trade Publication
This article presents information about developments in the investment banking sector of the U.S. as of April 28, 2003. Two of five five major record labels — Universal Music Group and EMI Recorded Music — are filing a lawsuit against San Francisco, California-based venture capital firm Hummer Winblad Venture Partners for allegedly contributing to widespread Internet music piracy through its financial support of defunct file swapping network Napster Inc. Goldman Sachs' private equity arm, GS Capital Partners, has made a &ldquo.significant investment &rdquo. in a first round of funding for aircraft designer and manufacturer Adam Aircraft Industries. Bethlehem Steel Corp. won bankruptcy court approval for a 1.6 billion dollar sale of its assets to W.L Ross' International Steel Group Inc. The buyer will pay 952 million dollars in cash and assume 700 million dollars of Bethlehem's secured debt.


Related Articles

  • VC Firm in Hot Seat. Fugazy, Danielle // Investment Dealers' Digest;5/19/2003, Vol. 69 Issue 20, p13 

    Venture-capital (VC) market players fear that a court case in which two record companies are suing a venture-capital fund for its involvement with controversial music-swapping service Napster Inc. could set a precedent for any aggrieved party to try to reach into the finances of VC firms....

  • Last Tune For Napster. Fugazy, Danielle // Investment Dealers' Digest;5/20/2002, Vol. 68 Issue 20, p9 

    Focuses on the investment of Hummer Winblad Venture Partners in the online music site, Napster Inc. Decision of Napster's top executives to resign; Description of Napster's litigation background; Reaction on the agreement rejection by a German media company, Bertelsmann AG.

  • Napster's Backers: Was There A Real Plan? Spangler, Todd // Inter@ctive Week;08/07/2000, Vol. 7 Issue 31, p16 

    Cites the investment made by Hummer Winblad Venture Partners to Napster company. Hypothesis developed from the investment move of company; Reason cited for the move of the Recording Industry Association of America in suing Napster. INSET: Exit strategy?.

  • Record companies slap suit on Napster backers. Oppelaar, Justin // Daily Variety;4/23/2003, Vol. 279 Issue 12, p6 

    Reports on the lawsuit filed by EMI Group and Universal Music Group against Hummer Winblad Venture Partners in California. Control of Hummer on Napster Inc.; Issue on piracy faced by the record companies; Allegations that the involvement of EMI and Universal constitutes contributory infringement.

  • Napster gets $15 mil in funding; Barry CEO. Waller, Don // Daily Variety;05/23/2000, Vol. 267 Issue 57, p6 

    Reports the venture capital funding received by Napster Inc. from Hummer Winblad Venture Partners (HWVP) in Los Angeles, California. Additional financial input provided by Angel Investors for the company; Appointment of HWVP partners Hank Barry and John Hummer as board of directors of Napster;...

  • Sign here.  // Music Week;12/23/2006, Issue 51, p2 

    The article offers international news briefs about music deals. The Twang have signed with B-Unique. A settlement has been reached between Universal Music, EMI Publishing, and Napster investor Hummer Winblad Venture Partners pending court approval. Broadcast Music Inc. has finished a licensing...

  • My biggest mistake. Hofman, Mike // Inc.;Dec99, Vol. 21 Issue 18, p155 

    Relates the mistake of the San Francisco, California-based Hummer Winblad Venture Partners in investing on a company that develops a software for pen-based computing, called Slate, in 1990. Timing of the investment; Market readiness for the product; Additional investment for Slate in 1993; Sale...

  • VC Meetings An Eye-Opener For Firm's Partner. Graves, Brad // San Diego Business Journal;04/24/2000, Vol. 21 Issue 17, p44 

    Recounts the experiences of Riccardo Cannaviello, a partner with Dianne O. Cosmetics, as an observer of how San Francisco, California-based Hummer Winblad Venture Partners handles requests for venture capital. Ins and outs of sorting through funding requests and processing applications; Plans...

  • ISVs: Pop Rocket.  // PC Week;6/20/94, Vol. 11 Issue 24, PC Week/Inside pA/5 

    Narrates how Hummer Winblad Venture Partners manager-owner Mark Gorenberg broke the ice during a negotiation with Pop Rocket. Gorenberg's copy of `Guitar' magazine; Founders' reaction to Gorenberg's previous interactions with Metallica, Scorpions and Urge Overkill.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics