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Napster Going To Rhapsody, Says Report

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A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. READ MORE>>.

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Southern California Leads In Green Businesses, Says Report

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A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. The report was compiled by research firm Colaborative Economics.

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Boingo Wireless Reports Quarterly Results

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Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year. Boingo said it had revenues of $21.0M, up from $18.5M

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Boingo Wireless Files For IPO

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Los Angeles-based Boingo Wireless , the operator of a global Wi-Fi hot spot network, has filed for an IPO, saying Friday afternoon that it is looking to raised up to $75M in an IPO. The firm reported it had net income of $1.4M on revenues of $65.715M for 2009, and net income of $5.67M on revenues of $59.0M

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USC: $380M Raised In Last 3 Years By USC Spinouts

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The study found that about 70 percent of the startups spun of USC are still in business, and about roughly half of those startups have been located in Los Angeles County. READ MORE>>.

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Green Dot Files For IPO

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Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reported net income of $37.16M on revenues of $234.8M Tags: green financial prepaid merger acquisition tech coast angels. Green Dot is headed by Steven Streit.

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Media Temple Parent GoDaddy Files For IPO

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GoDaddy , the parent company of Los Angeles premium website hosting service Media Temple , has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. The company reported a net loss of $131M for 2013, on revenues of $1.13 READ MORE>>.

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