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Report: Goodreads' Acquisition By Amazon Derailed Apple Deal

socalTECH

Goodreads , the online book review and social networking site which started in Santa Monica, represents the heart of a battle between giants Amazon.com and Apple , according to a report Thursday: who will become the keeper of your digital goods? Goodreads was acquired for around $150 to $200M. READ MORE>>.

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Report: Rapportive, Backed By Calacanis, Acquired By LinkedIn

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Angel investor Jason Calacanis looks to have scored an exit in his portfolio, according to reports today from AllThingsD. According to those reports, San Francisco-based Rapportive , a developer of plug-ins which overlay social networking information on your Gmail account, has been acquired by LinkedIn.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S.

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Reports: MySpace To Go For $20-30M

socalTECH

Multiple reports today say that once lofty social networking site MySpace is now being set to be sold by News Corp. Irvine-based Internet advertising network Specific Media and Golden Gate Capital are among the rumored bidders for MySpace. for as little as $20M to $30M. READ MORE>>.

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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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Bebo's Surprise Buyer: LA's Criterion Capital Partners

socalTECH

Studio City-based private equity firm Criterion Capital Partners is the buyer of AOL's distressed Bebo social networking site, AOL confirmed today, after widespread reports that AOL would be selling the firm. Criterion said the acquisition and financing was led by Levin, in partnership with Paul Abramowitz and Richard Hecker.

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Report: Activision's Kotick Eyes MySpace

socalTECH

A report today from AllthingsD says that an investor group, which includes Santa Monica-based Activision 's Bobby Kotick, is in the last legs of negotiating a deal to acquire MySpace , the beleaguered, once-high flying social network. to a bevy of buyers, with no deals yet inked. to a bevy of buyers, with no deals yet inked.