Instagram Deal Opened Door to Tumblr Valuation
June 11 (Bloomberg) -- Mark Seneca, corporate partner at Orrick, Herrington & Sutcliffe LLP, talks with Bloomberg Law's Spencer Mazyck about his representation of Instagram Inc. in its $1 billion acquisition by Facebook Inc. last year. Seneca, in this "Rainmakers" episode, also compares the 2012 blockbuster tech deal to Yahoo! Inc.'s recent acquisition of Tumblr Inc.
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Delta CEO: We've Been Burned by Hedging Oil Prices
19:47 - Delta Air Lines CEO Ed Bastian officially becomes CEO of the second-largest U.S. carrier today. Bloomberg's Erik Schatzker sat down with Bastian in the company's engine shop at its headquarters in Atlanta, where they discussed oil price hedging. (Source: Bloomberg)