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Prince Al-Waleed bin Talal

Square IPO Postponed Indefinitely

Square, the mobile payments startup created by Twitter (NYSE:TWTR) founder Jack Dorsey, has postponed its IPO indefinitely, FOX Business has learned.  People with knowledge of Square's finances have indicated that the company is not ready to go public this year.The San Francisco-based Square had been taking steps towards a public offering, meeting with Nasdaq executives as recently as the fourth quarter of 2013, according to a person familiar with the situation. Around that same time, it was reported that Square had been discussing a 2014 IPO with investment bankers.But in recent weeks, people close to Square have indicated to Wall Street executives that a 2014 offering is unlikely because the company has run into problems with its "revenue run rate," a key projection of future performance. It has been reported that Square is unprofitable, but that 2013 revenues exceeded $100 million.Square's "private-market valuation could not be substantiated by their revenues as a public company," s...

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  1. Alwaleed: Citi has Great Potential

    Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup (NYSE:C), said on Monday the U.S. bank has great potential under new management following t...

  2. Alwaleed says Citigroup has great potential

    Saudi billionaire Prince Alwaleed bin Talal, who has a stake in Citigroup , said on Monday the U.S. bank has great potential under new management following the depar...

  3. Euro Disney Shares Soar Amid Talk of Walt Disney Buyout

    Euro Disney SCA (EDL.FR) shares jumped again Monday amid speculation that the French company could be bought out by its U.S.-based parent, Walt Disney Co. (DIS).The ...

  4. Disney Said to Consider Buyout of Euro Disney

    Walt Disney Co. (DIS) is holding internal discussions on the possibility of buying out Euro Disney SCA (EDL.FR), operator of the Paris Disneyland Theme Park, Time ma...

  5. Disney Is Said Considering Buyout of Euro Disney SCA -Time

    Walt Disney Co. (DIS) is holding internal discussions on the possibility of buying out Euro Disney SCA (EDL.FR), operator of the Paris Disneyland Theme Park, Time ma...

  6. After the Stress Tests: What Will Banks Do Now?

    It may be a long, hard slog for shareholders of Citigroup (NYSE:C) and the other three companies that failed the Federal Reserve ’s stress tests. Without any hope fo...

  7. Four of 19 Banks Fall Below Minimum Capital Ratios

    FBN’s Liz MacDonald on the four banks that failed the Federal Reserve’s stress tests and those that are raising their dividends.

  8. Tweet This: Saudi Prince Invests $300M in Twitter

    In an effort to get a piece of the next-generation of Internet companies, Saudi Prince Alwaleed bin Talal unveiled a $300 million investment in privately held social...

  9. Report: Saudi Billionaire Prince Eyes Up to $300M Twitter Stake

    Billionaire Saudi Prince Alwaleed bin Talal is reportedly exploring scooping up hundreds of millions of dollars worth of stock in microblogging site Twitter .Accordi...

  10. What the IRS Will Rely on in Dealing with Media Matters

    Last of a three-part seriesInterviews with current and former IRS officials reveal what the agency would consider if it moved to pull the nonprofit Media Matters’ ta...

  11. Media Matters Puts Tax-Exempt Status in Jeopardy

    First of a three-part seriesDavid Brock, chairman and chief executive of Media Matters for America, told a news website earlier this year that his nonprofit is now m...

  12. Prince Alwaleed Bin Talal on U.S.'s Role in Global Economy

    Kingdom Holding Company Chairman Prince Alwaleed Bin Talal on the state of the U.S. in the global economy.

  1. Kingdom Holding Eyes $200M Stake in Square

    Saudi Arabia's Kingdom Holding is close to buying a $200 million stake in Square in an investment that would value the mobile payments startup at $5 billion, sources...

  2. Alibaba Rival JD.Com Files For U.S. Listing

    JD.com, China's second-largest e-commerce company, filed for a U.S. listing of its shares, following market leader Alibaba Group Holding Ltd in tapping into rising i...

  3. Twitter: from side project to sociocultural sensation

    Twitter Inc, the 140-character messaging service favored by everyone from the Pope to U.S. President Barack Obama, began as a side-project but rapidly morphed into o...

  4. Factbox - Twitter FAQ: Behind the IPO-bound social media phenom

    Without making financial details public, Twitter filed with regulators this week for an IPO, a deal that would be the most keenly anticipated Silicon Valley debut si...

  5. Alwaleed's Kingdom, on prowl for acquisitions, plans hotel sale

    Saudi billionaire Prince Alwaleed bin Talal will hold onto his most high-profile investments, which range from stakes in Citigroup and News Corp to microblogging sit...

  6. Caterpillar 3Q Earnings Beat Estimates

    FBN’s Diane Macedo breaks down Caterpillar’s third-quarter earnings results.

  7. Spanish PM Secures Vote of Approval for Austerity Drive

    FBN’s Diane Macedo, Alpari Senior Market Analyst James Hughes and FBN contributor Katie Sargent on the state of the markets in Europe and Asia.

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