Friday, March 7, 2008LiveUniverse Offers $11M For Stage6LiveUniverse, the online interactive entertainment site headed by former Intermix head Brad Greenspan, said today that it has offered $11M plus equity to acquire Stage6, the online user generated video site owned by DivX. According to LiveUniverse, its offers to acquire the site has been rebuffed by the board of directors of DivX. LiveUniverse said it is looking to pay $3.0M in cash, plus $5.0M in online advertising to DivX to acquire its Stage6 site, which DivX shut down last week. The firm sai (More info...)
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OGPlanet Partners With ClickandBuyEl Segundo-based OGPlanet, an operator of multiplayer online games, said today that it has partnered with Internet payment provider ClickandBuy. OGPlanet said that it will offer its players an option to pay via the payment provider. OGPlanet has a number of free, massively multiplayer online games; the firm allows users to purchase in-game items and accessories. According to a maintenance notice posted on OGPlanet's web site, it removed Paypal as a payment option for its games on Wednesday. OGPl (More info...)
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Eyespot Targets VideoEggSan Diego-based Eyespot, a provider of video editing and other tools, said Friday that it is looking to help video publishers migrate from VideoEgg. According to Eyespot, it will support publishers who have been informed they need to migrate from VideoEgg's video hosting and streaming service, which is being discontinued. EyeSpot operate a software-as-a-service offering that allows video publishers to publish and include advertising in streaming video. The firm said it has free, ad-supported and (More info...)
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Entretech Names Entrepreneurship Award WinnersLos Angeles-based Entretech, the nonprofit which is looking to boost the Los Angeles technology industry, awarded the winners of the group's annual Entrepreneurship awards Thursday night at a dinner in Los Angeles. The association tapped Rubicon Project, Zag, and eHarmony as winners of the awards, the fifth year for the group's event. The group's Entrepreneurship Awards are divided into three categories based on revenues. Rubicon was selected in the Start-Up Category for companies with under $1M (More info...)
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Userplane To Release Media PlayerSanta Monica-based Userplane said this morning that it will release a new media playing widget for its customers, which will support video uploading, publishing, and hosting. The firm, which is a subsidiary of AOL, did not give a new release date its new Userplane Mediaplayer software, which was previously targeted for release in June. The firm said that the player is targeted at filling a void left by the exit of VideoEgg from the video hosting market. Userplane said its new software will provi (More info...)
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Ixia Names Bhatnagar CEOCalabasas-based Ixia said Thursday afternoon that it has promoted Atul Bhatnagar as CEO and President of the firm. Ixia, which develops network testing systems for high speed IP performance testing, said that Bhatnagar will succeed current CEO and co-founder Errol Ginsberg. Ginsberg will continue to serve as chairman of the board, and will become Chief Innovation Officer for the company. Ixia said the move was part of a succession plan for the company. Ginsberg will lead a new unit called Ixia L (More info...)
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Sendio Signs Automotive Dealership GroupIrvine-based Sendio, which develops email filtering appliances targeted at eliminating spam email, said earlier this week that the firm's products have been selected by the Don Valley North Automotive Group. The group operates a family of Toyota and Lexus dealerships in Canada. Financial impact of the customer win was not disclosed. Sendio markets an email filtering device which uses challenge-response to filter out virus emails. Sendio is venture backed by Kline Hawkes California, LP and Moment (More info...)
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International Rectifier Names EVP, Adds to BoardEl Segundo-based International Rectifier, a provider of analog, digital, and mixed signal integrated circuits, said Thursday that it has appointed Donald Dancer as the firm's Executive Vice President and Chief Administrative Officer. Dancer most recently was the firm's acting CEO since last August, and has been at the firm since 2002. International Rectifier said that Dancer will oversee International Rectifier’s legal, human resources, compliance, mergers and acquisitions and investor relatio (More info...)
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