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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". The two had reached an agreement in July of 2016 for LeEco to buy Vizio, a move which would have made Vizio founder William Wang a billionaire. READ MORE>>.

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Reflections on 2016: Josh Yguado, Jam City

socalTECH

This holiday season, we are sharing the reflections on 2016 from Southern California's technology community. You'll be able to see all the many 2016 reflections here as they are posted, up through the end of the year. Josh Yguado: 2016 was a big year for us. What's was biggest news from you or your‏ firm this year?

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Vance Street Capital Backs Acquisition By A&E Medical

socalTECH

Financial details of the acquisition were not announced. The acquisition is the second acquisition for A&E Medical. Vance Street Capital acquired A&E Medical in February of 2016. Vance Street said it was advised by Paul Hastings LLP in the deal, with RTi being advised by Stephens Inc.

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Oculus Rift To Ship In Q1 2016

socalTECH

Irvine-based Oculus VR said this morning that it has set the shipping date for the Oculus Rift virtual reality systems, in Q1 of 2016. According to Oculus, it will begin taking pre-orders later this year. READ MORE>>.

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Activision Completes $5.9B King Digital Acquisition

socalTECH

Santa Monica-based Activision said this morning that it has completed its acquisition of King Digital Entertainment. Activision said it expects to boost its revenues in 2016 to $6.25 The deal was worth $5.9 billion, and was first announced in November. Activision paid $18.00 per share in cash for King.

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Reflections on 2016: Jeb Spencer, TVC Capital

socalTECH

All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. But before you think of moving out of SoCal, our 19th deal also closed in 2016, and this was a growth equity investment in Brentwood based Docupace Technologies. READ MORE>>.

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Reflections on 2016: Richard Wolpert, HelloTech

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Richard Wolpert: For HelloTech it was the acquisition of Geekatoo which converted our business from covering So Cal to full nationwide coverage which lead to deals with Ring, Luma, and AARP.