Tuesday, April 8, 2008EMC Buys IomegaSan Diego-based Iomega and data storage giant EMC said Tuesday afternoon that EMC has agreed to acquire Iomega, in a $213M deal. EMC said it will pay $3.85 per outstanding share of Iomega. The firms said that the addition of Iomega will enhance EMC's reach and focus in the consumer and small business markets. EMC expects its tender offer for Iomega to complete in the second quarter of the year. Iomega is a provider of data storage products and services. The sale follows a buyout offer EMC made f (More info...)
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DTS Sells Film Restoration BusinessAgoura Hills-based DTS, which provides digital audio and other technology, said Tuesday afternoon that it has sold its Digital Images business in a $7.5M deal to Reliance Big Entertainment Ltd. The firm's DTS Digital Images unit was previously known as Lowry Digital Images, and provides film imaging and restoration services for Hollywood. According to DTS, the sale closed April 4 and was made up entirely in cash. Reliance Big Entertainment Ltd. is a unit of Reliance ADA Group of India. DTS said (More info...)
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Venture Farm Invests In Vator.tvIrvine-based Venture Farm, the early stage funding firm run by angel Sid Mohasseb, has made an investment in Bay Area firm Vator.tv, the firm announced Tuesday. Venture Farm--which is looking to help companies with both early stage funding and operational expertise--did not disclose the financial terms of the deal. Vator.tv is a startup focused on allowing startups to pitch their companies via online video, hosted by founder and journalist Bambi Francisco. Vator.tv had previously received angel (More info...)
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Rubicon Project Adds Quality ProgramLos Angeles-based the Rubicon Project, the Mayfield and Clearstone backed online advertising optimization startup, said this morning that it has added a new program which the firm said will provide high-quality, certified website inventory for advertisers. According to the firm, the new program allows advertisers to access safe, high quality website inventory which the company has put through a 21-point certification checklist and ratings system. The new program targets concerns of advertisers a (More info...)
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Slacker Inks Deal With Music PublishersSan Diego-based Slacker has inked a number of deals with the music publishing industry, the firm announced today. Slacker, which offers an online personalized radio service and portable music service, said that it has finalized deals with EMI Music Publishing, Sony/ATV Music Publishing, Universal Music Publishing Group and Warner/Chappell Music. Financial terms of the deal were not disclosed, however Slacker said the agreements will allow Slacker content rights to music. Those rights will allow (More info...)
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Internet Brands Buys Five More WebsitesLos Angeles-based Internet Brands announced this morning that it has purchased five web sites in the leisure area. According to Internet Brands, it has acquired FitDay.com, an online site focused on fitness and calorie counting; HighDefForums.com, a site focused on next generation HDTV formats; HighDefDigest.com, which reviews Blu-ray and HD-DVD titles; AVRev.com, a home theater site, and VetInfo.com, focused on providing information about pet health. Financial terms of the acquisitions were not (More info...)
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FOX Networks Buys Stake In European Ad NetworkLos Angeles-based FOX Networks said this morning that it has acquired a majority stake in utarget, an online advertising network based in Europe. Financial terms of the deal were not disclosed. utarget operates an ad network focused on online video. FOX said that the new unit will be rebranded as utarget.Fox, and will work with Fox Interactive Media Audience Network to provide advertising to News Corp sites and third parties. According to FOX, utarget's online video format will be offered by .FO (More info...)
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QLogic Grabs CFO From MindspeedAliso Viejo-based QLogic has snagged Simon Biddiscombe, former Chief Financial Officer of Mindspeed Technologies, as its CFO, the firm said today. Biddiscombe has also previously served at Wyle Electronics and PricewaterhouseCoopers LLP. Biddiscombe had been at Mindspeed since 2000, having served as its CFO since Mindspeed's spinoff from Conexant Systems in 2003. Separately, Mindspeed said that Raymond Cook, the firm's VP of Finance and Corporate Controller, will serve as interim Chief Financial (More info...)
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eEye Ships New Security ApplianceIrvine-based network security software firm eEye Digital Security said Monday that it has shipped a new, network vulnerability assessment and tracking appliance. The new product, the Retina Appliance 651, is an effort by the company to provide network discovery and vulnerability assessment for small to large organizations. The appliance combines eEye's Retina Network Security Scanner, Iris Network Traffic Analyzer and Blink Professional Host-based Intrusion Prevention solution in a single, Windo (More info...)
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