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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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DivX Sues Netflix, Hulu Over Patents

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DivX , the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu , accusing the firms of usings its video streaming intellectual property. DivX has been mostly dormant since that acquisition in terms of product and company announcements. READ MORE>>.

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Hulu Eyes IPO

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Los Angeles-based Hulu , the online video streaming site, is apparently in efforts to file for an IPO, as a long line of Southern California firms heads towards the public markets. According to a report in the New York Times, Hulu is in discussions with investment bankers about pursuing an IPO in the fall. READ MORE>>.

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OpenX Names Fuelling CFO

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Los Angeles-based OpenX appears to be continuing to bolster its executive ranks--and a possible IPO bid--with the naming of Tom Fuelling, the former CFO of Hulu, as its Chief Financial Officer this morning. openx fuelling hulu executive merger acquisition' Fuelling was at ARTISTdirect when it went through its own IPO.

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What You Missed On Your Holiday Vacation, SoCal Technology Edition

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Acquisition of note: Nexsan Acquired For $120M, by Imation. TapIt Media acquired for $23M by Phunware. 9 Ways socalTECH Can Help You With Your New Year's Resolutions. LaunchpadLA Opens Up Spring Applications. Broadcom Powering New Mac Wireless. Surf Air Gets First Aircraft. How to find a startup mentor.

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Southern California IPO List Gets A Little Longer

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Other firms currently in registration include Santa Monica-based Demand Media ; San Diego-based Zogenix ; Inphi Corp. Among firms who have not filed, but have been rumored to, are Los Angeles-based Hulu , Los Angeles-based LegalZoom , Irvine's Fisker Automotive , and Pasadena-based eSolar.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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Currently, Los Angeles-based Demand Media , San Diego's Zogenix , City of Industry-based NewEgg , Los Angeles-based GameFly , San Diego-based Reva Medical , Westlake Village-based Inphi Corp , and Thousand Oaks-based Nexsan are among the local technology firms waiting to reach the public markets. READ MORE>>.