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NewEgg Loses CEO

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City of Industry-based Newegg , the online retailer of electronics, computer, and other items, said Monday afternoon that CEO and Director Tally Liu has departed the firm. The firm said that Foudner and Chairman Fred Chang resumes his role as CEO of Newegg, with S.C. No reason for the executive change was given. READ MORE>>.

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NewEgg Pulls IPO

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City of Industry-based online electronics retailer NewEgg has pulled its IPO, the firm said in a filing with the SEC late Friday. NewEgg had filed for an IPO in September of 2009. In the filing, the firm said that it "determined not to proceed with the initial public offering" but did not give any explanation.

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NewEgg Files For IPO

socalTECH

City of Industry-based e-commerce retailer NewEgg has filed for an IPO this morning, saying that it is looking to raise up to $175M. NewEgg is a major online retailer of electronics and other items. Tags: newegg ecommerce retail merger acquisition. The IPO is being underwritten by J.P. The firm said it had sales of $2.1

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Buy.com Acquisition By Japanese Firm Completes

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The acquisition of Aliso Viejo-based Buy.com by Japanese ecommerce firm Rakuten has completed, according to Rakuten. Tags: buy.com ecommerce retail japan rakuten merger acquisition. The firm, which said it would pay $250M for Buy.com in May, said the all-cash deal closed as of July 1st. READ MORE>>.

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Advantage Solutions Buys Quantum Networks

socalTECH

Financial terms of the acquisition were not announced. Advantage Solutions says Quantum Networks also is on eBay, Newegg, Walmart.com, Reverb, and Google Shopping. Quantum provides brand management and brand identity services, helping to monitor "minimum advertised price" (MAP), provide brand optimization, and other services.

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Southern California IPO List Gets A Little Longer

socalTECH

which has most of its employees in Westlake Village; Los Angeles-based Gamefly ; City of Industry-based NewEgg ; San Diego-based Fallbrook Technologies ; and Thousand Oaks-basd Nexsan. Tags: southern california initial public offering exit merger acquisition.

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SoCal Racks Up Another Successful IPO

socalTECH

Those firms include Pasadena-based Genmark Diagnostics , Westlake Village-based Inphi , San Diego-based Fallbrook Technologies , Los Angeles-based GameFly , San Diego-based Trius Therapeutics , City of Industry-based NewEgg , and Thousand Oaks-based Nexsan. Tags: southern california merger acquisition gdot reald.