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Cogent Sees Smooth Sailing For Acquisition

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Pasadena-based Cogent , the developer of fingerprint and other biometrics devices, reported this morning that a Delaware court has denied a shareholder motion to block the acquisition of the firm by 3M. Cogent said its board continues to "strongly endorse" the proposed acquisition of the company. READ MORE>>.

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Napster Going To Rhapsody, Says Report

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A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. READ MORE>>.

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ReachLocal Grows Revenues By 47 Percent

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Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, reported its results Tuesday, saying that it had $77.1M The firm reported a net loss of $2.8M, compared with net income of $14.9M in revenues. for the quarter. to $291.5M.

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Demand Media Reports Profit

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Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. The firm also reported net income of $1.0M, versus $3.9M The firm reported net loss of $5.3M in revenues from Q4 of 2009.

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Amgen Completes Onyx Pharmaceuticals Tender Offer

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Thousand Oaks-based Amgen reported this morning that it has completed its tender offer for Onyx Pharmaceuticals , and now expects its acquisition to complete today. billion net of estimated cash at Onyx. onyx pharmaceuticals amgen merger acquisition biotech lifescience cancer' Amgen said the deal is worth $9.7

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Inphi Reports Q3 Results

socalTECH

the maker of high-speed analog semiconductors, has updated its S-1, to reflect the firm's Q3 financials, saying that it had had net income of $3.58M on total revenues of $21.8M That compared with net income of $3.85M on revenues of $18.37M for the same quarter last year. Tags: inphi merger acquisition iphi semiconductor.

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Demand Media Gets Second $100M+ Quarter

socalTECH

The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M The company said the growth in revenues came from "strong growth" on its owned & operated content and media properties, plus its acquisition of Creativebug, the arts and crafts instruction site.

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