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Green Dot Completes Loopt Buy

socalTECH

Monrovia-based Green Dot , the provider of prepaid debit card products, reports today that it has completed its acquisition of Mountain View-based mobile social networking developer Loopt. Green Dot had announced the acquisition in March. The deal was worth approximately $43M in cash. READ MORE>>.

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Xencor Delays IPO

socalTECH

Monrovia-based Xencor , the developer of biopharmaceutical technology headed by Bassill Dahiyat, delayed its IPO Friday, citing poor market conditions for the offering. xencor biopharma biopharmaceuticals merger acquisition exit' The company had hoped to IPO on the NASDAQ Global Market. READ MORE>>.

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Green Dot Acquires Loopt

socalTECH

Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team. READ MORE>>.

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Green Dot's Mashup Of Mobile Startup, Bank Powers GoBank

socalTECH

How was Monrovia, California-based Green Dot able to quickly launch itself into the mobile banking category? Through two strategic acquisitions, one made in late 2011, and one made in early March of 2012. in assets, and with the acquisition in March of last year of mobile software developer Loopt. READ MORE>>.

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