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An investment group led by Freedom Communication Inc. Chief Executive Richard Mirman will not submit the initial or “stalking horse” bid for the company’s assets by today’s deadline.
High-tech companies in Orange County scored more than $140 million in venture capital funding in the fourth quarter of 2015, according to numbers released Thursday by the Irvine office of real estate brokerage Jones Lang LaSalle.
Irvine-based Ingram Micro Inc. plans to buy the Central and Eastern European operations of Moscow-based RRC Group, a distributor of networking and telecommunications equipment.
Shares in Activision Blizzard Inc. fell after it reported results that missed analyst forecasts for revenue and earnings.
Irvine-based advertising technology company Viant Inc. was bought by Time Inc. in New York on undisclosed terms.
Santa Ana-based First American Financial Corp. earned net income of $81.6 million on revenue of $1.36 billion for its quarter ended Dec. 31.
Newport Beach-based advertising agency O’Leary and Partners has been bought by the Shipyard, a marketing firm in Columbus, Ohio, on undisclosed terms.
San Jose-based Broadcom Ltd. will slash nearly 700 employees in Irvine as part of a nationwide cost-cutting plan under Chief Executive Hock Tan.
Anaheim-based Targus Group International Inc. was acquired by its lenders for an undisclosed amount in a foreclosure sale on Feb. 1.
Nguoi Viet Daily News Inc. in Garden Grove, publisher of Nguoi Viet Daily News, has taken over assets of competitor The Little Saigon News Inc., according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.
Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.
TECHNOLOGY: LoJack adds to satellite-heavy CalAmp’s line
CalAmp Corp.’s latest acquisition strengthens the company’s long-running diversification strategy crafted by Chief Executive Michael Burdiek.
Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in Santa Clara County in June and relocate its finance, IT and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.
Windjammer Capital Investors, a private investment firm in Newport Beach, added two Canadian companies to its portfolio. Terms weren’t disclosed.
Buyers Now Want Practical Innovation in Retrofits
A recent survey by Coldwell Banker reveals that the growth curve of connected-home devices, such as smart thermostats, door locks, smoke detectors and light switches, is on track to beat that of smartphones and tablets over the next five years, expanding from 20.7 million units in 2014 to 35.9 million units by 2017.
Buy of Digital Company Deepens Social Efforts
Irvine-based Alphaeon Corp. is continuing to grow its healthcare technology presence.
Co-Developed Product To Be Unveiled This Year
Netlist Inc.’s new joint venture with the world’s largest electronics company paves a path to produce a new hybrid storage-class memory product geared for cloud computing, big data, and server and storage customers that could ultimately reshape the Irvine-based company’s story on Wall Street.
Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.
One of China’s largest sheet metal suppliers is set to acquire Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. for $610 million.
LinkedIn plans to acquire Costa Mesa-based startup Connectifier on undisclosed terms.
Irvine-based Taco Bell Corp. fourth quarter operating profit fell 4.3% to $152 million, compared with the same period last year, while full-year operating profit increased 12% to $529 million.
A 465,000-square foot corrugated box plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.
Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in June and relocate its finance, IT, and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.
Tustin-based smartphone battery case maker Mophie Inc. has been acquired for at least $100 million by rival Zagg Inc. in Utah.
Irvine-based Kurion Inc., which played a key role in stabilizing the contaminated Fukushima Daiichi Nuclear Power Plant in Japan nearly four years ago, has been sold for $350 million to Paris-based nuclear cleanup specialist Veolia.