Tagged With corporations

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Ever heard of Goldman Sachs Structured Products Limited? How about GS Holdings L.L.C. II.? No? Both are nodes on a web of more than 4000 holding companies, woven by the Goldman Sachs Group to evade taxes on its — let's see here — $US8.61 billion in annual profits. It's an incredibly complex operation, and thanks to this interactive map, we're now able to explore it.

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DivX Inc, the company that owns the codec which made your early 2000s movie downloads look actually not too bad, is being acquired by Sonic Solutions, a content delivery company, for a reported $US300 million. Sonic's been working in circular media like CDs and DVDs for years - they own the popular Roxio brand - but is now looking to the internet as the content delivery platform of the future. DivX, a current competitor of Sonic's, has been helping deliver video content to internet users, legally and otherwise, for years.