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Honey Acquired By PayPal For $4 Billion

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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. Honey was founded in 2012 by George Ruan and Ryan Hudson.

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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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VIZIO Files For IPO

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The company reported 102M in net income on just over 2.0 billion in net revenues for the year 2020. .; V-TW Holdings, LLC; Innolux Corporation; and Foxconn Assembly Holding Corporation. VIZIO CEO William Wang owns 100% of the company's Class B shares.

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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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Boingo Wireless Reports Quarterly Results

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Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year. Boingo said it had revenues of $21.0M, up from $18.5M for the first quarter of 2010.

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