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AdRev Acquired By Zealot Networks

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Studio City-based AdRev , the digital rights management startup that also operates AudioMicro , has been acquired by Zealot Networks , according to AdRev founder Ryan Born. Financial terms of the acquisition were not announced. Zealot Networks already owned a majority of AdRev, having acquired that stake in 2014 for $20M.

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

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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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