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Tech Data chief executive officer Rich Hume talks to company employees about the pending acquisition of Tech Data for $5.4 billion at a global town hall meeting on Wednesday morning. David Kiester | Tech Data
Private equity giant to buy Tech Data for $5.4 billion
Apollo Global Management has offered $130 per share of Tech Data stock. If shareholders approve, the home-grown company will remain based in Pinellas County.
Yesterday• Business
‘Mighty Tykes’ business becomes a mighty headache for Tampa Bay mom
Isabella Yosuico of Safety Harbor with some of the Mighty Tykes wrist and ankle bands she invted to help her son Isaac, who has Down Syndrome, and other children with weak muscles. SCOTT KEELER | Tampa Bay Times
A product to help special needs kids leads to big loans, a lawsuit and a bungled bankruptcy
Yesterday• News
Oregon company buys 3 Tampa Bay area auto dealerships
Lithia Motors Inc. has acquired three dealerships from the Williams Automotive Group including Wesley Chapel Toyota near the Interstate 75 and State Road 54 interchange in Wesley Chapel. [Times (2007]
Wesley Chapel Toyota, Wesley Chapel Honda and Tampa Honda dealerships change hands
Nov. 12• Pasco
King Corona to open cigar bar at International Plaza in Tampa
Cigar aficionado Kellan Webster, 48, from Conway, S.C., visits King Corona Cigars Bar and Cafe in Ybor City for the first time. The historic spot will now soon have a sister location at International Plaza. [Times (2017)] Tampa Bay Times
The Ybor staple has been under new ownership since 2017.
Nov. 12• Business

LATEST

  1. Tech Data buyer Apollo Global Management bets on companies
    Yesterday• Business
    Apollo Global Management has offered $130 per share for Tech Data's stock in an acquisition worth $5.4 billion. If regulators shareholders approve, the home-grown company will remain based in Pinellas County, where it employs 2,000 of its 14,000 workers. DIRK SHADD | Tampa Bay Times
    Private equity firms like Apollo create wealth for pension funds, financial institutions and individual investors by buying assets that typically are sold later at a profit.
  2. Outsiders keep buying Tampa Bay’s largest companies. Here’s why it matters.
    Yesterday• Business
    Some of Tampa Bay's largest companies are being sold or are up for sale. Times files and Bloomin' Brands
    Tech Data is just the latest in a growing list of public companies bought up by out-of-state firms.
  3. Would HCC ever sell its Davis Islands administration building? Definitely maybe.
    Yesterday• Hillsborough
    Hillsborough Community College solicited "non-binding letters of interest or intent” last month from developers interested in purchasing the Dr. Gwendolyn W. Stephenson District Administration Center on Davis Islands. OCTAVIO JONES | Times
    Developers have eyed the 3.7 acre waterfront parcel for years, but recent interest has prompted the college’s trustees to finally start the conversation.
  4. Tampa International ranked best midsize airport in America
    Yesterday• Transportation
    Tampa International Airport looking north. The Wall Street Journal ranked it the best midsize airport in America. [Times files]
    TPA took first place in the Wall Street Journal’s annual survey of U.S. airports.
  5. What’s it like to sell a company for $5.4 billion? 10 questions with Tech Data’s Rich Hume
    Yesterday• Business
    Tech Data's CEO Rich Hume (left) shares a moment with former CEO Bob Dutkowsky during a send off celebration for Dutkowsky earlier this year. JIM DAMASKE | Times
    A private equity firm has agreed to buy Tech Data.
  6. Judge delays decision on whether ‘winner’ of gulf-front condo should get his money back
    Yesterday• Business
    Joseph Erickson, 53, looks out the window at the gulf-[front condo he thought he won at a foreclosure auction last year.t JOHN PENDYGRAFT | Times
    "There have been serious allegations,'' Judge Keith Meyer said.
  7. Sam’s Club 'Scan & Go’ now lets you check out alcohol with your phone
    Yesterday• Business
    Sam's Club fulfillment center manager Nick Barbieri explains to a shopper how the new Scan & Go shop works at 5135 S Dale Mabry Highway. SARA DINATALE | Tampa Bay Times
    Shoppers in Tampa Bay can now skip the line and cash out alcohol on their own phones.
  8. Which cars hold their value in Tampa Bay?
    Yesterday• Business
    Which cars hold their value best in Tampa Bay? Pictured is traffic in Tampa Bay in 2017. [Times file photo] ELLIOTT, LOREN | Elliott, Loren
    For the top spots, think big and rugged.
  9. Pinstripes and Cinemex will open bowling alley, theater at Tampa’s International Plaza
    Yesterday• Business
    A rendering of the planned Pinstripes bowling, bocce and bistro space that is planned to open at International Plaza alongside a Cinemex in spring 2021. Pinstripes
    In addition to upscale bowling and movies, there will also be bocce ball and a bistro.
  10. Where Tech Data ranks among the Tampa Bay area’s largest companies
    Yesterday• Business
    Tech Data's headquarters in Largo. TD AGENCY | Courtesy of Tech Data
    The company is being sold to a private equity firm.
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