A weekly roundup of must-read L.A. tech investments and acquisitions.
Location: Santa Monica
Investors: Led by New York’s Eminence Capital, with participation from Greycroft Partners, William Morris Endeavor and Ziffren Brittenham
Description: Whipclip allows users to find and share clips of just-aired TV shows and sporting events, as well as search for specific moments from past episodes. Clips can be shared within Whipclip’s app, but also on different platforms, such as Facebook. The company said its videos have been viewed more than 10 million times during the last three months within its app and on other websites.
Location: El Segundo
Description: Navitas manufactures power management integrated circuits that enable high-frequency, high-efficiency and high-density power electronics. The semiconductor company said it has a research and development partnership with the Hughes Research Lab and more than 100 patents.
$240 million valuation
Location: West Los Angeles
Merging Companies: Collective Digital Studio and Studio71
Description: Collective Digital Studio, a West Los Angeles YouTube multi-channel network, announced it had merged with Studio71, a multi-channel YouTube subsidiary of German media conglomerate ProSiebenSat.1 Group. The resulting company, called Collective Studio71, will be 75 percent owned by ProSieben and 25 percent owned by the founders of CDS. ProSieben will invest $83 million in the venture, giving the new company a post-investment valuation of $240 million.
Acquirer: Zealot Networks
Description: In its biggest acquisition to date, Zealot Networks purchased viral content website ViralNova. Terms of the deal were not disclosed, but media reports suggested it was valued at $100 million in stock, cash and potential earn-outs. Zealot has been reverse engineering an online entertainment behemoth, rolling up 15 advertising and talent agencies and small media companies since its launch last August.
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