article thumbnail

Report: Goodreads Exit Worth Around $150M-$200M

socalTECH

It looks like the sale of book review and community Goodreads was worth between $150M to $200M, according to a report form AllThingsD Friday, potentially making the acquisition one of the better returns on capital from a Southern California technology startup in recent years.

Report 203
article thumbnail

Report: Amazon Dangles Jobs To Stem Tax Effort

socalTECH

E-commerce giant Amazon.com is apparently offering to set up two, distribution centers in California--one in Northern California, the other in Southern California--to convince lawmakers to drop their plan to tax the company's sales to California residents, according to a report today From the LA Times.

Report 157
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Honey Acquired By PayPal For $4 Billion

socalTECH

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion.

article thumbnail

How Chinese Startup Tradesparq Is Looking To Grow In SoCal

socalTECH

In what is a fairly unusual move, last week, Tradesparq (www.tradesparq.com), a Chinese startup in the area of B2B trade information, said it was planning on setting up its operations here in Southern California, as part of an expansion and scaling of the company. You''ve got to do your report every month. Grow, grow, grow.

article thumbnail

MomentFeed Names Tech Veteran Nick Hedges As CEO

socalTECH

Hedges is a longtime Southern California technology veteran, who was most recently President and CEO of Velocify. Hedges served in that position until its recent acquisition by Ellie Mae. Hedges also previously has served at Bain & Company, Accenture.com, and Ogilvy & Mather. READ MORE>>.

Draper 124
article thumbnail

Private Equity Firm Puts Epicor Software On Market

socalTECH

Epicor Software , the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. billion, and has hired investment banking firm Jeffries to handle the sale. Apax paid $976M for Epicor back in 2011. READ MORE>>.

Equity 185
article thumbnail

News Corp. In Repeat With Sale To Local Tech Firm

socalTECH

spends hundreds of millions of dollars on a media property, runs it for about seven years, and then decides to unload that same property for a fraction of the price it paid to a Southern California technology--not media--company. That deals loooks to be worth around $100M, based on reports from the WSJ. Well, could be.

News 159