Blackrock hikes stake in Blinkx February 11, 2014 INVESTMENT firm Blackrock has raised its stake in Blinkx, buying another 5.4m shares and raising its total stake to over 13 per cent, putting its weight behind the video firm. Blinkx’s share price rose 1.3 per cent to 119.5p, following a 30 per cent drop on 30 January when a Harvard professor published a blog [...]
Professor calls for full denial over Blinkx note February 9, 2014 HARVARD Business School professor Ben Edelman has called on Blinkx, the online video search engine that he claims has engaged in “deceptive tactics”, to face up to his claims and issue a categorical denial. “Blinkx has been making ambiguous and, I believe, deceptive statements about acquisitions for some time,” Edelman told City AM. “Blinkx should [...]
Critical blog on Blinkx was based on research paid for by investors February 6, 2014 ONLINE video search company Blinkx last night said it was “exploring all options” after it was revealed that the critical blog posting, that caused its stock to plummet 40 per cent, was paid for by two US investment firms. The admission follows the build-up of a number of short positions on the company, raising concerns [...]
Hallmark Channel partnership leads Blinkx shares to recovery February 3, 2014 ONLINE video search company Blinkx started to turn around an otherwise disastrous week yesterday with the announcement that it has done a major content deal with the US Hallmark TV Channel. Blinkx saw its share price collapse over 30 per cent last Thursday after a critical blog post by a Harvard business professor raised concerns [...]
Blinkx shares plunge 30pc on academic blog January 30, 2014 BLINKX, the online video search company spun out of Mike Lynch’s Autonomy, saw its share price plummet by 30 per cent yesterday after a Harvard professor published a blog post questioning the firm’s advertising tactics. In an article published on Tuesday Professor Benjamin Edelman claimed that Blinkx had links with companies that used “deceptive tactics” [...]
Blinkx founder joins Balderton Capital to lead startup funding January 20, 2014 BLINKX founder Suranga Chandratillake is set to return to London to take up his new role as a partner at the venture investor firm Balderton Capital. Chandratillake will retain his role as strategy chief at Blinkx after he relocates from California to the UK for his new role, in which he will focus on investing [...]
Odey shorts Manchester Utd as hedge funds line up for Blinkx December 12, 2013 HEDGE fund guru Crispin Odey is shorting stocks in Manchester United, while other funds are betting against London listed Blinkx, regulatory data shows. Odey Asset Management disclosed a $5m short position in the club to the Financial Conduct Authority last week. Wall Street investor Luxor Group also disclosed a 1.85 per cent short position in [...]
Blinkx reports soaring profits from video ads November 5, 2013 ONLINE video search engine Blinkx reported booming demand for online video yesterday, which helped to boost revenues 36 per cent during the six months to 30 September. Blinkx, whose shares are already up more than 160 per cent this year, reported adjusted profit growth of 93 per cent to £15.1m, beating analyst expectations, on revenue [...]