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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.

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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. Green Dot said it will pay $43.4M The deal is expected to close by the end of the first quarter of 2012. READ MORE>>.

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