Showing posts with label Discloses. Show all posts
Showing posts with label Discloses. Show all posts

Friday, October 4, 2013

DealBook: Twitter Discloses Its I.P.O. Plans

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Thursday, June 20, 2013

DealBook: Kabel Deutschland Discloses Takeover Approach by Liberty Global

Kabel Deutschland has been approached by several potential suitors.Lisi Niesner/ReutersKabel Deutschland has been approached by several potential suitors.

Kabel Deutschland said on Monday that it had received a preliminary takeover bid by John C. Malone’s Liberty Global, setting up a potential bidding war for the German cable operator.

In a brief statement, Kabel Deutschland acknowledged speculation that Mr. Malone was interested in a deal, a move that potentially interrupts the German company’s talks with Vodafone of Britain.

Any takeover is likely to value the company at more than $10 billion.

Behind the growing interest in Kabel Deutschland are efforts by companies to break into the fast-growing German cable and television market.

Both Vodafone and Liberty are considered natural bidders for Kabel Deutschland, because both already operate in Germany. The biggest company in that market, Deutsche Telekom, is likely to be barred from bidding under antitrust regulations.

The German company is being advised by Morgan Stanley and Perella Weinberg Partners.

Sunday, June 16, 2013

Bits Blog: Facebook Discloses Basic Data on Law-Enforcement Requests

A sign outside of Facebook's headquarters in Menlo Park, Calif. The company on Friday disclosed information about government requests for data, the vast majority of which did not pertain to national security matters.Jeff Chiu/Associated Press A sign outside of Facebook’s headquarters in Menlo Park, Calif. The company on Friday disclosed information about government requests for data, the vast majority of which did not pertain to national security matters.

12:10 a.m. Saturday, June 15, 2013 | Updated Added Microsoft’s release of more data on Friday night.

Facebook on Friday disclosed for the first time how many requests for data about its 1.1 billion users it had gotten from law enforcement authorities in the United States.

The social networking company said that in the last six months of 2012, it had 9,000 to 10,000 requests for information about its users from local, state and federal agencies. Those requests covered 18,000 to 19,000 user accounts.

“These requests run the gamut — from things like a local sheriff trying to find a missing child, to a federal marshal tracking a fugitive, to a police department investigating an assault, to a national security official investigating a terrorist threat,” the company’s general counsel, Ted Ullyot, said in a blog post disclosing the data.

Facebook said it was legally prohibited from saying how many of the data requests were related to national security. But generally speaking, the vast majority of the law-enforcement data requests received by tech companies are for other matters, like local criminal cases.

Facebook’s disclosure comes after negotiations with the federal government that began after the first news reports a week ago about the National Security Agency’s secret Prism surveillance program. Those reports revealed that a number of American Internet companies, including Facebook, Google, Microsoft and Yahoo, had secretly provided data about foreigners to the United States government under the Foreign Intelligence Surveillance Act.

The tech companies have also secretly provided data to the F.B.I. under National Security Letters, which the government uses to gather information about Americans.

Under federal law, companies generally cannot disclose even the existence of national security data requests they receive. But in recent days, Facebook, Google and Microsoft have been pressing the government for permission to share more information.

“We’re pleased that as a result of our discussions, we can now include in a transparency report all U.S. national security-related requests (including FISA as well as National Security Letters) – which until now no company has been permitted to do,” Mr. Ullyot wrote. “As of today, the government will only authorize us to communicate about these numbers in aggregate, and as a range. This is progress, but we’re continuing to push for even more transparency.”

Google had previously published a transparency report that included N.S.L. but not FISA data requests. Microsoft’s recent transparency report similarly excluded FISA requests but included National Security Letters.

Late Friday, after Facebook’s data release, Microsoft provided similar information about requests for data that it had received from law enforcement at all levels of government.

For the six months ending Dec. 31, 2012, Microsoft received between 6,000 and 7,000 criminal and national security warrants, subpoenas and orders affecting between 31,000 and 32,000 consumer accounts from governmental entities in the United States, the company’s deputy general counsel, John Frank, said in a statement.

“We have not received any national security orders of the type that Verizon was reported to have received that required Verizon to provide business records about U.S. customers,” Mr. Frank said.

This post has been revised to reflect the following correction:

Correction: June 15, 2013

An earlier version of this article incorrectly described Microsoft's transparency report. It included National Security Letters requests, but excluded FISA requests. It did not exclude both types of national security requests.