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Woodland Hills Firm Leads Circuit City Closure Efforts

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A Woodland Hills-based liquidation firm is behind the closure of Circuit City's 567 stores, and will lead a group of firms who are operating "goiong out of business" sales at the retailer. Circuit City said Friday that it would close all of its stores across the country, and started liquidation sales this weekend.

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ReachLocal Names New CTO, Sales Head

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Woodland Hills-based ReachLocal , which provides online marketing products for small- and medium-sized businesses, reported today that it has named Jeff Hagins as Chief Technology Officer, and promoted Steven Power, former Australia CEO, to Executive Vice President of Global Sales Operations. Edwards, and Lockheed Martin.

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United Online Considers Strategic Alternatives, Rejects B. Riley Takeover

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Woodland Hills-based United Online announced this morning that it has embarked an a "review of strategic alternatives", including the potential sale of the company or sales of its assets, after an unsolicited takeover offer from B. Riley Capital Management.

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United Online Sells StayFriends

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Woodland Hills-based United Online has sold its StayFriends social networking site, to German company Stroer Content Group GmbH , the company said Thursday afternoon. United Online said it will receive 16.0 million euros ($18.3M US) for StayFriends. READ MORE>>.

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United Online Sells Classmates For $30M

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Woodland Hills-based United Online said this morning that it has sold its Classmates subsidiary, to Intelius Holdings , for a mere $30M in cash. According to United Online, the sale is a "great outcome" for the company, and will allow it to add additional capital to its other existing businesses.

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United Online Shuffles CEO, Again

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Woodland Hills-based United Online announced this morning that it has named Jeff Goldtsein as a new, interim CEO for the company, replacing Howard Phansteil. Goldstein was the former President of PriceGrabber, which he had led from April 2013 until its sale to Connexity last June.

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REX Raises $15M Funding

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Woodland Hills-based REX Real Estate Exchange , a startup which helps homeowners sell their homes without using an MLS, has raised $15M in a Series B funding.