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Report: Disney Will Not Bid On Twitter

socalTECH

A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. Disney had been reported to be looking at Twitter in September. Salesforce.com has been named as the most probably buyer for Twitter, which appears to have been running an investment banking process in its attempt to find a buyer.

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GoPro Plans IPO, Says Report

socalTECH

GoPro , the maker of the popular, wearable, waterproof, sports action cameras for consumers, is planning an IPO, says a report Tuesday afternoon from Reuters. The report-- citing sources near to the company --said that GoPro has hired JPMorgan Chase, Citigroup, and Barclays Plc to manage the offering. READ MORE>>.

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Steamboat Backs Camera Maker GoPro

socalTECH

Burbank-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed Woodman Labs the parent firm of sports camera maker GoPro. Financial details of the investment were not disclosed. The WSJ first reported the investment Wednesday. It appears the investment was led by Steamboat's Beau Laskey.

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UNX Gains $7.6M

socalTECH

Burbank-based UNX , a developer of technology for the electronic trading and institutional investing market, raised $7.6M its recently announced strategic funding round, according to data from the PricewaterhouseCoopers/NVCA report this week. UNX had announced the deal with Goldman, Sachs & Co.

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