Friday, March 9, 2012


Green Dot Acquires Loopt
Monrovia, California-based Green Dot, the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. Green Dot said it will pay $43.4M in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team. The company said the acquisition will help with improved customer acquisition and retention of its current customer, allow it to target a new segment of consumers wi (More info...)
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Quest Software To Go Private In $2.0 Billion Deal
Aliso Viejo-based Quest Software plans to go private, in a deal worth $2.0 billion, the firm said this morning. According to Quest, it has reached a deal with Insight Venture Partners, where shareholders will get $23.00 per share to make the company a private company. Quest said the price is a 19 percent premium on the firm's closing price, as of March 8th. Quest detailed the deal Friday morning, saying it also has a 60-day "go shop" period to solicit alternative proposals. The company will cont (More info...)
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ntro Makes Major Update To Social Discovery App
Los Angeles-based ntro, the mobile social networking and discovery application developer founded by former Pandemic Studios founder Josh Resnick, has updated the firm's app, as the company looks to make a big splash at SXSW. According to the firm, the updates--the "biggest app update ever" for the company--include battery optimization features, automatic check-ins, background operations, and better privacy controls, particularly for women. Ntro is one of a number of location-based social network (More info...)
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Funny or Die Launches iPad Magazine
Los Angeles-based Funny or Die, the online humor site, is trying its hand in the digital tablet publishing space, saying Thursday that it has launched a new, digital magazine for the iPad. The firm said its new magazine, The Occasional will cost $9.99 a year, or $3.99 for a single issue. The company said the magazine will feature original content, interviews, multi-media, games and other interactive components. Among the content in the magazine are celebrity interviews, political commentary, and (More info...)
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Cameron Health Acquired By Boston Scientific
San Clemente-based Cameron Health, a maker of subcutaneous, implantable cardiac defibrillators, has been acquired by Boston Scientific, in a deal worth $150M in cash, plus up to $150M on FDA approval of Cameron Health's product, plus up to an additional $1.050 billion in earnout. Cameron Health's implantable defibrillator improves upon existing, implantable defibrillators in that it does not require implanting thin, insulated leads to be inserted into the heart. Instead, the firm's entire system (More info...)
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WD Completes Hitachi Global Storage Technologies Buy
Irvine-based Western Digital Corp. said Thursday evening that it has completed its acquisition of Hitachi Global Storage Technologies, in a deal worth $3.9 billion in cash plus $0.9 billion in WD common stock. The acquisition of Hitachi Global Storage Technologies creates a firm with annual revenues of $15 bilion. As part of the acquisition deal, WD said that Hitachi Ltd. now owns approximately 10 percent of WDC's shares outstanding, and will add two individuals to its board of directors. The cl (More info...)
posted on Friday, March 9, 2012(Full story)