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Qualcomm To Invest $150M In Startups In India

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San Diego-based Qualcomm is planning to invest $150M in startups in India, the company said this weekend in an event with India's Prime Minister, Narendra Modi. According to Qualcomm, the investment will be directed by Qualcomm Ventures. READ MORE>>.

Invest 100
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JMI Equity Names New General Partners

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Vakil is based in San Diego, and Guttman is based in Baltimore. He also has served at Hellman & Friedman and Morgan Stanley. READ MORE>>.

Equity 113
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Sorenson Media's Csathy Departs To New Digital Media Effort From Manatt

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Peter Csathy , the CEO of San Diego''s Sorenson Media , and digital media veteran, has departed the company, and will head up a new legal and investment group formed by Manatt, Phelps & Phillips. Boggs helped open up Manatt''s Silicon Valley office in 1998 and San Francisco offices in 2007.

Media 168
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StockTwits Trumpets Usage Surge

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San Diego-based StockTwits , the online, real-time stock discussion site run by Howard Lindzon, said today that it has seen a spike in its usage on its site. Lindzon is known both for his angel investing activities, as well as for founding Wallstrip, which he sold to CBS in 2007. READ MORE>>.

San Diego 133
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Tragara Pharmaceuticals Snags $5M

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San Diego-based Tragara Pharmaceuticals , a developer of biopharmaceuticals aimed at cancer and inflammation treatments, has raised another $5M in a funding round, according to a regulatory filing by the firm last week. The firm last raised a large, $40M funding round in 2007.

San Diego 140
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EC Drops Antitrust Case Against Qualcomm

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The European Commission today announced that it has decided to close formal antitrust proceedings against San Diego-based Qualcomm , saying in a statement that "it does not consider it appropriate" to invest further resources into the case. The EC had been spurred by Broadcom, Ericcson, NEC Corp., Nokia Corp.,

Patents 140
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Calixa Therapeutics Acquired By Cubist Pharmaceuticals, In Big Win For Domain

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San Diego-based Calixa Therapeutics , a biopharmaceuticals firm developing antibiotics to treat multi-drug resistant organisms, has been acquired by Cubist Pharmaceuticals , a Massachusetts-based biotherapeutics firm. The deal was worth $92.5M in cash, with potential milestone payments worth up to $310M.

San Diego 145