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Pasadena Angels Release 2015 Investment Totals

socalTECH

The Pasadena Angels investment group released its investment totals for 2015 this week, saying that it has invested $4.9M across 27 deals in 2015, bringing its total invested since the group was started to over $65M in over 175 companies. The total number of deals in 2015 was up from just 17 investments in 2014. READ MORE>>.

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Amazon’s Selz Acquisition is Encouraging News for Small Businesses

Tech.Co

Many have seen the acquisition as an attempt to fight back against Shopify's rampant growth during the coronavirus pandemic. The Amazon/Selz Acquisition. ” However, the platform shuttered in 2015, just five years after its launch. Amazon's acquisition of Selz doesn't represent a dramatic change to its business model.

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Vizio, LeEco Call Off $2 Billion Acquisition Deal

socalTECH

Irvine-based Vizio and Chinese electronics giant LeEco have called off the $2 billion acquisition of Vizio by LeEco, citing "regulatory headwinds". It's unclear what the path forward is now for Vizio, which had filed for an IPO in 2015 before inking the LeEco acquisition deal. READ MORE>>.

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What I Learned In 2015: Jeb Spencer, TVC Capital

socalTECH

Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015. Who or what do you think had the biggest impact on the technology industry in 2015? What was the biggest news for you or your firm this year? be the pig and don't get greedy. READ MORE>>.

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Western Digital Gets Final Approval On $19B SanDisk Acquisition

socalTECH

Irvine-based Western Digital says it has received the final approval needed for its acquisition of memory maker SanDisk , from China's Ministry of Commerce, and now expects the transaction to close on Thursday. The deal is worth approximately $19 billion, and was originally announced in October of 2015.

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Amid Acquisition Drama, Celgene Resubmits MS Drug for FDA Approval

Xconomy

Celgene said Monday it has again sent the FDA an application for approval of ozanimod, an experimental multiple sclerosis drug it added to its pipeline in 2015 as part of its $7.2 billion acquisition of San Diego’s Receptos.

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Yardi Buys CommissionTrac

socalTECH

Financial terms of the acquisition were not announced. CommissionTrac was founded in 2015. Santa Barbara-based Yardi announced this week that it has acquired CommissionTrac, a developer of revenue management software for commercial real estate companies.