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Silicon Beach Report Aug. 7: Katzenberg’s NewTV Raises $1 Billion

L.A. Business Journal

Katzenberg’s short-form video project raises $1 billion; SpaceX hosting mars landing conference; Nexus Technologies acquires Cal Net

.Net 133
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VIZIO Files For IPO

socalTECH

VIZIO's largest Class A shareholders are AmTRAN Technology Co., The company reported 102M in net income on just over 2.0 billion in net revenues for the year 2020. Q-Run Holdings Ltd.; V-TW Holdings, LLC; Innolux Corporation; and Foxconn Assembly Holding Corporation.

.Net 113
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Former CEO Of Startup Pleads Guilty To Defrauding Tech Bank

socalTECH

The former CEO of a Southern California communications services company has plead guilty to charges that he fraudulently obtained $5 million in bank loans from one of Southern California's big startup and technology banks. According to the U.S. Lewis was the CEO of Blue Wave Media. Lewis now faces up to 30 years in federal prison.

Startup 113
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Viant Files For IPO

socalTECH

Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

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Inhibrx Files For IPO

socalTECH

The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both license fees and grants. Inhibrx develops protein engineering technology used in biopharmaceuticals research. The IPO is being underwritten by Evercore ISI, Barclays, Nomura, and Raymond James.

.Net 124
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Fallbrook Technologies Files For IPO

socalTECH

San Diego-based Fallbrook Technologies , a developer of continuous variable transmissions aimed at the electric vehicle market, has filed for an IPO, saying Tuesday evening in a filing that it is looking to raise up to $50M in an offering. Fallbrook reported a net loss of $11.7M For 2008, the firm had a loss of $11.9M

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Honey Acquired By PayPal For $4 Billion

socalTECH

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion.