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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.

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Indose Inhales $3.5M In Funding From Snoop Dogg's Casa Verde

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Woodland Hills-based Indose , a startup developing a vape device for THC and cannabis, has raised $3.5M The funding came from Casa Verde Capital, the cannabis investment fund run by Snoop Dogg. in a Series A funding round, according to the company.

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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

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FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers. In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy.

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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 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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ReachLocal Raises $25M, As Losses Increase

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Woodland Hills-based ReachLocal , the publicly held, online marketing provider for small and local businesses, said Tuesday that it has raised $25M in a term loan. The funding came from Herculus Technology Growth Capital, and comes as the company reported sharper losses and a significant dropoff in revenues.

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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.