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Snapchat Reportedly Near Acquisition Of Vurb For $110M

socalTECH

Venice-based Snapchat is reportedly near a $110M acquisition of mobile search startup Vurb , according to reports. The original report cited a "person famliar with the deal". Neither Snapchat nor Vurb have yet confirmed the deal, which apparently has yet to be signed. READ MORE>>.

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Report: Airpush Said To Be Near Acquisition Deal Worth $170M

socalTECH

Los Angeles-based mobile advertising network Airpush , which is led by Asher Delug, is in the midst of being acquired by Israeli company Perion , according to a report Monday evening. According to the report, from TechCrunch, the deal is worth around $170M. Perion owns Incredimail, Smilebox, and other Internet properties.

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Boost Mobile Founder Seeks To Buy Back Company

socalTECH

Peter Adderton , the founder of Boost Mobile , the prepaid cell phone provider now owned by Sprint , is looking to buy back the company for up to $2 billion, according to reports. Sprint is in the process of selling Boost Mobile, as part of a regulatory agreement to merge with T-Mobile. READ MORE>>.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

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>>.

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Quibi Shutting Down, Says Report

socalTECH

Los Angeles-based Quibi is shutting down and has hired a restructuring firm to help it wind down the company, with co-founder Jeffrey Katzenberg confirming to investors on Wednesday that the company will shut down, according to a report from the WSJ. Quibi has raised more than $1.75

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Report: Broadcom Mulls Sales Of Radio Frequency Chip Business

socalTECH

Broadcom is reportedly looking to sell its radio frequency chips business--which has significant operations in Orange County--to either Qorvo or Skyworks Solutions, according to a report on Friday from Bloomberg. The report says the deal could be worth a much as $10 billion. Broadcom's RF chips are used in mobile phones and elsewhere.

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Grindr sold by Chinese owner after US raised national security concerns

TechCrunch LA

Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based based company, San Vicente Acquisition Partners. Last year, it was reported that while under Chinese ownership, Grindr allowed engineers in Beijing access to the personal data of millions of U.S. That ownership was later scrutinized by a U.S.