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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. READ MORE>>.

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JMI Equity Names New General Partners

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San Diego- and Baltimore-based private equity investor JMI Equity announced this morning that it has promoted Suken Vakil and Randy Guttman to General Partner. Vakil is based in San Diego, and Guttman is based in Baltimore. He also has served at Hellman & Friedman and Morgan Stanley. READ MORE>>.

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Interview with Fouad ElNaggar, Redpoint Ventures

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We've been quite active, and have had a bunch of acquisitions lately -- including Internet Brands and MySpace -- a total of over 2 billion in acquisition in Southern California. I think we've done some of the really exciting companies in LA, including most recently Clicker, Machinima, BUZZmedia, and SVnetwork.

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