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TV Guide Deal Gets Shuffled

socalTECH

The deal to sell the remaining parts of former Pasadena-based firm Gemstar-TV Guide has just been shuffled by Gemstar's buyer, Macrovision. The new deal is worth $255M. Macrovision said the change would improve the probability and timing of closing the transaction. Macrovision is based in Santa Clara.

Guide 100
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The Entrepreneur’s Guide For Dealing With Adversity

Startup Professionals Musings

I like his outline of eight steps every leader should take in dealing with setbacks, which I have expanded here for entrepreneurs: Take control of the situation, rather than play victim. The more directly you face adversity in business, the better you become at dealing with it. Every good entrepreneur I know has pivoted at least once.

Guide 60
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Broke Girl's Guide Gets Funding

socalTECH

Santa Monica-based Broke Girl's Guide , a startup focusing in on daily deals and information for women, has scored a small debt funding round, according to a regulatory filing by the firm this week. Broke Girl's Guide runs a daily deal newsletter with offers, online promos, and sales information. READ MORE>>.

Guide 230
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What use is an investment banker?

Berkonomics

Investment bankers sometimes slow the process by requiring a cloud-based “data room” and “deal book” to be prepared containing considerable information about a company to help a buyer. Deal books are expensive to create. For larger deals, expect the fee to start at five percent and scale downward with size.

Invest 156
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AutoVitals Gets Private Equity Investment

socalTECH

AutoVitals said that Belmonte helped to grow Active Network's revenue to over $400 million and guided the company to its eventual sale for $1 billion. Financial details of the private equity deal were not announced. Belmonte will work alongside the founder of AutoVitals, Uwe Kleinschmidt, on the business, according to the company.

Equity 140
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ImaginAb Links With AstraZeneca, Pfizer, Takeda Pharmaceuticals

socalTECH

ImaginAb said the deal is focused on furthering clinical development of its CD8 ImmunoPET technology, which is used for quantitative assessment of the immunological status of each cancer lesion within a patient. Financial details of the agreement were not announced.

Guide 124
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Modern Trust Launches Online Estate Planning Service

socalTECH

The startup, led by Daniel Hales, said it is tackling the time-consuming, tedious and expensive process of creating a trust and dealing with estate planning, which the company says has traditionally involved numerous in-person meetings with lawyers, advisors and lots of paperwork and paper documents.

Services 113