article thumbnail

Demand Media Files For IPO

socalTECH

Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO. According to Demand's IPO filing, the firm had a net loss of $6.00M on revenues of $114.0M in the first six months of 2010. The firm's IPO is being underwritten by Goldman, Sachs & Co., READ MORE>>.

Demand 184
article thumbnail

Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. Demand Media said it had revenues of $73.6M for Q4 of 2010, up 33 percent from the $55.5M for all of 2010. in a loss in Q4 of 2009.

Demand 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fandango Acquiring Vudu Streaming Service From Walmart

socalTECH

Los Angeles-based movie ticketing and movie streaming company Fandango is acquiring the Vudu on-demand video streaming service from Walmart , according to a notice from Vudu on its website. Financial terms of the acquisition were not announced. Walmart acquired Vudu in 2010. READ MORE>>.

Fandango 113
article thumbnail

PlanetArt Buys Personal Creations From FTD For $18.1M

socalTECH

Calabasas-based PlanetArt , a provider of print-on-demand and personalized products, says it has acquired personalized gift company Personal Creations , from FTD Companies , in a deal worth $18.1M PlanetArt--which says it now has reached roughly $200M in revenues--said the acquisition came as part of FTD's court-supervised restructuring.

Calabasas 113
article thumbnail

How To Sell Your Business

SoCal Tech Calendar

Thursday, October 28, 2010 -- How To Sell Your Business: The Process Of An Acquisition. Paul Johnson, a partner at Procopio, Cory, Hargreaves and Savitch, one of San Diego's largest law offices, gives insight and training on the process of sophisticated merger and acquisition negotiations. See [link] (more).

San Diego 100
article thumbnail

Rovi Plans To Sell CinemaNow

socalTECH

The long, turbulent history of the video-on-demand technology developed by former Marina Del Rey-based CinemaNow continues today, after current owner Rovi Corporation said Thursday afternoon that it plans to pursue a sale of its Rovi Entertainment Stores business--the remains of CinemaNow.

article thumbnail

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Compared with 2010, the report found an increase of 296 percent over exits in 2010, when $2.6 The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. billion in liquidity was generated in the sector.