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VC Exits Down In 2011, Says Report

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venture backed companies was down in 2011, according to Dow Jones VentureSource, which said today that it tallied a total of 522 mergers, acquisitions, buyouts, and IPOs during the year. The report found that companies raised a median of $17M in venture financing before M&A or buyout, and took a median of 5.3

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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A new report released today tallies up $7.7 billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. billion in liquidity was generated in the sector.

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ShoeDazzle Acquisition By JustFab? Not So Dazzling

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That acquisition by JustFab of fellow fashion startup ShoeDazzle yesterday? The acquisition valued ShoeDazzle at only around $30M, a huge drop in the company''s value, compared with a $240M valuation back in 2011, according to Dow Jones. justfab shoedazzle merger acquisition fashion ecommerce subscription' funding round.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

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In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Report: Hulu Hires Guggenheim Partners To Sell Company

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A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.

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Private Equity Firm Puts Epicor Software On Market

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Epicor Software , the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. Epicor--which is now based in Austin, Texas, but which had been based in Irvine for years--was sold to Apax Partners back in 2011. READ MORE>>.

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California Leads In IPO Filings In Q2, Says Report

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California is currently leading in terms of the number of IPO registrations, as the IPO market has reached a new high, according to a report released today. According to a report from Ernst & Young, the second quarter of 2011 saw 140 potential IPOs, representing $23.7

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