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J2 Global Acquires Two Companies

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Los Angeles-based J2 Global , which owns a large portfolio of Internet services and publications, says it acquired two more companies during Q4 of 2019. Financial details of the two acquisition were not announced, and J2 GLobal said the financial impact of the two acquisition are not expected to be material to the company.

Company 100
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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

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The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.

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Canoo Flees LA To Arkansas

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The publicly listed company hit the public markets in late 2020 via a special purpose acquisition company (SPAC). The company has shown off a number of renderings of potential, high tech vehicles, but does not plan to bring any vehicles to market before Q4 of 2022.

High Tech 113
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Ross Levinsohn Accused Of Sexual Harassment

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Ross Levinsohn , the publisher and CEO of the Los Angeles Times --and longtime, influential veteran of Southern California's high tech industry--is under investigation by the owner of the LA Times, Tronc, after an in-depth examination of Levinsohn's conduct by NPR during his time in the high tech industry. READ MORE>>.

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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>>.

Snapchat 210
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j2 Global Launches $415M Hostile Bid for Carbonite

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Los Angeles-based j2 Global has launched a hostile bid for online storage company Carbonite , and has offered $15.00 per share--or approximately $415M--to buy the company. Los Angeles-based j2 Global has launched a hostile bid for online storage company Carbonite , and has offered $15.00 READ MORE>>.

High Tech 174
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Awesomeness.TV Among Fastest Exits, Best ROI Ever On Silicon Beach

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The acquisition of Awesomeness.TV had the shortest time between an initial funding and exit of any company, just short of nine months. had the shortest time between an initial funding and exit of any company, just short of nine months. analysis acquisition merger exit goodreads dreamworks hollywood content awesomeness'

High Tech 224