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Platinum Equity Bumps Offer For Electro Rent To $382M

socalTECH

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 The new price bumps the total value of the deal to approximately $382.2M. per share in cash, up from an earlier, $13.12 per share offer.

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Platinum Equity Acquires Electro Rent For $323.4M

SoCal Tech Calendar

Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M percent over the company's closing price on May 27th. for Electro Rent. Platinum Equity said ti will pay $13.12

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Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

TechCrunch LA

Blade, backed by Lerer Hippeau, Airbus, former Google CEO Eric Schmidt and others, currently flies passengers around the New York City area, where it’s headquartered, offering the region’s wealthy $800 flights to the Hamptons, among other flights at various price points.

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Interview with Brandon Hance, Audiolife

socalTECH

Van Nuys-based Audiolife (www.audiolife.com), a new startup focused on providing e-commerce tools to musicians, recently raised $1M in angel funding. We have some minimum price points for every product they might want to sell. What's the idea behind Audiolife? That might be 50 shirts, our a couple hundred CDs. for a shirt.