Wednesday, April 23, 2014Facebook Gets Clearance From FTC For Oculus VR BuyFacebook has received antitrust clearance from the Federal Trade Commission, for its acquisition of Irvine-based Oculus VR, the FTC said today. Facebook had said it would pay $2 billion for Oculus VR back in March. Oculus VR is a maker of 3D, virtual reality goggles and hardware. Two year old Oculus VR was venture backed by Andreessen Horowitz, Formation 8, Matrix Partners, and Spark Capital.
posted on Wednesday, April 23, 2014(Full story)
Sizmek Bolsters Digital Advertising Staff In LASizmek, a developer of digital advertising technology, said this week that it has named Patrick Meehan as head of Sales in its Los Angeles office. The company--which is based in New York--has around 40 employees in Los Angeles. Meehan was previously
Director of Agency Sales and Account Management at DoubleClick. Sizmek focuses on open ad management, helping to manage online advertising campaigns for advertisers and agencies. Los Angeles is a major center for online advertising, with other comp (More info...)
posted on Wednesday, April 23, 2014(Full story)
Nexus Acquired By Dimension DataValencia, California-based Nexus, the information technology services provider headed by Deron Pearson, has been acquired by $6 billion IT solutions provider Dimension Data, the two said this morning. Financial terms of the acquisition were not announced. Nexus was founded in 2004, and has nineteen offices across the country. According to the companies, the buy will bolster Dimension Data's operations in the US by 40 percent, and particularly increases the company's presence in the West, Southwe (More info...)
posted on Wednesday, April 23, 2014(Full story)
Allergan Adopts Poison PillIrvine-based Allergan said late Tuesday evening that it has adopted a one-year, stockholder rights plan--better known to investors as a "poison pill"--after the receipt of an unsolicited bid by Valeant Pharmaceuticals to acquire the company. Allergan said its board of directors has unanimously adopted a one-year stockholder rights plan, and also declared a dividend distribution of one preferred share purchase right for each outstanding share of its common stock. Allergan said the plan is not int (More info...)
posted on Wednesday, April 23, 2014(Full story)
uSamp Reports Record QuarterLos Angeles-based survey and sampling provider uSamp said Tuesday that it had a record quarter, saying it saw revenues grow by 42 percent, year over year. Actual financials were not released by the company. uSamp said the growth came due to growth in Europe. uSamp's services are used in market research efforts by companies. uSamp is venture backed by OpenView Venture Partners, Greycroft Partners, DFJ Frontier, and others.
posted on Wednesday, April 23, 2014(Full story)
Cubic Bolsters BoardSan Diego-based Cubic Corporation, which operates information technology, system integration, and technical support services for the military and government sector, said Tuesday that it has named Steven John Norris to its board of directors. Norris is a UK businessman and served as a government minister in that country, serving under Prime Minister Sir John Major. He became a Member of Parliment in 1983 and was in the government until 1997. He also serves as Chairman of Soho Estates, BNP Paribas (More info...)
posted on Wednesday, April 23, 2014(Full story)