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HauteLook Acquisition Completes

socalTECH

Department store firm Nordstrom said this morning that it has completed its acquisition of Los Angeles-based private sales site HauteLook. Nordstrom announced its acquisition of HauteLook on February 17th. Nordstrom paid $180M in cash plus up to $90M in earn out for HauteLook, for a transaction worth $270M. READ MORE>>.

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Insights and Opinions: Exit Strategies in 2010

socalTECH

Basically, a company sale instead of an IPO. Read more of Megan's article on changing Exit Strategies for 2010. Tags: investment exits acquisition merger opinions insights. The practical reality is that VC backed IPOs (no, wait, all IPOs) have gotten fewer and harder to complete. READ MORE>>.

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ContentNext Up For Sale

socalTECH

Guardian News & Media , the firm behind web publisher ContentNext , is in discussions with potential buyers about a possible sale, according to a report from the firm's own site, paidContent. paidContent said that Guardian is working with Coady Diemar Partners on a possible sale. Names of potential buyers were not discussed.

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News Corp. In Repeat With Sale To Local Tech Firm

socalTECH

However, around December of 2010 the firm began a series of acquisitions -- of a number of data backup provider, other EFAX providers, email marketing firms, unified communications, and more, culminating with the buy of Ziff Davis in November of 2012.

News 159
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Levine Leichtman Sells Luminator Technology Group

socalTECH

Financial terms of the sale were not disclosed. Levine Leichtman has owned Luminator Technology Group since 2010. levine leichtman private equity merger acquisition luminator technology group' Luminator Technology Group provides lighting and display systems for the bus, rail, and aerospace passenger industry. Baird & Co.

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Velocify Acquired By Ellie Mae For $128M

socalTECH

Los Angeles-based Velocify , the developer of sales lead management software, has been acquired by Ellie Mae , in a deal worth $128M in cash, Ellie Mae said last week. Velocity's software is used for sales lead management. READ MORE>>.

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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Pernix Therapeutics is slashing its headcount by more than 20 percent as the specialty pharmaceutical company tries to move toward profitability after a streak of acquisitions. Morristown, NJ-based Pernix (NASDAQ: PTX ) will cut 60 workers , mostly from its neurology sales staff, the company said today.

Sales 40