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Ouya Near Sale, Says Reports

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Los Angeles-based Android-based game console maker Ouya is nearing a sale of the company, most likely by game hardware maker Razer , according to reports. Ouya had been venture backed by Kleiner Perkins Caufield & Byers, and including Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners, and had raised over $8.6M

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Triller Seeking To Go Public Via SPAC, Says Report

socalTECH

Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. Reuters cited "people familiar with the matter" for the report. TikTok is the target of efforts by the U.S.

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TaxJar Gets $600,000 For Sales Tax Software

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San Diego-based TaxJar , a developer of online software which helps manage sales tax payments for online retailers, said this morning that it has raised $600,000 from angel investors. software saas compliance government state online ecommerce sales funding angel capital venture taxjar' READ MORE>>.

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Curtail, Fresh Off $3.25M Funding, Names VPs

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Santa Barbara-based Curtail , a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. According to the startup, Deborah Scanlon will serve as vice president of strategic sales, and Nigel Quinnin will take on the role of vice president of development at the company.

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Report: Tesla Subject Of Criminal Probe Of Musk Tweets

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According to Bloomberg on Tuesday, the investigation centers around Musk's tweets about taking Tesla private last month, and saying that he had "funding secured" to sell the company at $420 per share. According to report, the SEC was aready investigating possible "misleading pronouncements" on manufacturing goals and sales at Tesla.

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Once High Flying Ouya On Block, Says Reports

socalTECH

Once highflying Santa Monica-based gaming console developer Ouya is on the block, after the company tripped a debt covenant from one of its investors, according to a report. The sale comes due to debt owed to TriplePoint Capital, according to the report. The effort comes despite a funding from Alibaba in January.

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Report: Vizio Acquisition By LeEco May Be At Risk

socalTECH

The record, $2 billion acquisition of Irvine-based TV maker Vizio has hit some serious turbulence, with reports saying that the deal may be abandoned or cancelled , due to issues China's recent restriction of moving capital overseas. READ MORE>>.