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Media Temple Parent GoDaddy Files For IPO

socalTECH

The company reported a net loss of $131M for 2013, on revenues of $1.13 Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. Scottsdale, Arizona-based GoDaddy has not yet selected an exchange. READ MORE>>. godaddy mediatemple merger acquisition exit hosting premium'

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Activision Blizzard Sees Higher Than Expected Sales In Q1

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The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales. Despite the better than expected results, the sales were still down from the first quarter of 2013, when the company reported $1.32 billion in sales. READ MORE>>.

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Demand Media Gets Second $100M+ Quarter

socalTECH

The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M for its quarter, which ended March 31, 2013. Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. in total revenues, its second $100M plus quarter.

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Demand Media Loses CFO As Revenues Decline

socalTECH

The announcement was made as Demand Media reported its third quarter 2014 results. Demand Media reported $41.3 ‌in revenues for the third quarter, down from $50.7M in revenues in the third quarter of 2013, or a decline of 19 percent. Reason for the departure was not given.

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Broadcom Wins Permanent Injunction Against Emulex

socalTECH

Irvine-based Broadcom has been granted a permanent injunction against Costa Mesa-based Emulex , in a patent infringement suit, covering a number of Emulex's Fibre Channel switch products, the two firms separately reported this morning. Emulex said it is redesigning those products, which it says represent five percent of its net revenues.

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ACTIVE Network Seeks Buyer

socalTECH

Active Network reported a net loss of $2.7M for the three months ended June 30, 2013. The company said it has received interest from outside parties in both investment in ACTIVE Network to acquisition of the company. The disclosure came in Active Network''s quarterly results. on revenues of $132.3M

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LabCorp Boosts Prenatal Testing Presence with $371M Sequenom Deal

Xconomy

LabCorp will also assume net debt of San Diego-based Sequenom (NASDAQ: SQNM ), bringing the value of the cash deal to approximately $371 million. LabCorp reported $8.5 Despite the fanfare of Sequenom’s MaterniT21, the company has had financial struggles and its earnings reports show a history of losses. million.