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NextWave Complete PacketVideo Sale

socalTECH

San Diego-based NextWave Wireless said Friday that it has completed the sale of its 65 percent equity interest in PacketVideo. The firm said the sale, to NTT DOCOMO , was worth $111.6M. NextWave Wireless said it will result in net cash proceeds of $106.5M from the sale. going towards working capital.

Sales 140
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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

Sales 282
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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

San Diego-based Somaxon , a developer of treatments for insomnia, has been acquired by Pernix Therapeutics Holdings , in a deal worth $25M. According to the two companies, Pernix will acquire Somaxon in a stock-for-stock transaction worth a total of $25M in total equity. Somaxon had 12 months net sales of approximately $11.7M

San Diego 147