Ventura-based digital advertising firm Connexity has been purchased by Shopzilla, an online comparison shopping website out of Los Angeles, for an undisclosed sum.
The deal marks the first exit for a business that had operated out of the Ventura Ventures Technology Center, the city of Ventura’s startup incubator.
One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.
Shareholders of San Luis Obispo-based Mission Community Bancorp have voted overwhelmingly in favor of a proposed merger with Heritage Oaks Bancorp out of Paso Robles. The $56 million deal was announced in October 2013 and would leave Heritage Oaks as the survivor and the largest bank based in the Tri-Counties.
By Guest commentary / Friday, February 14th, 2014 / Op/Eds, Opinion / Comments Off on Op/ed: What buyers and sellers need to know to make a deal happen this year
The new normal for deals is an elongated time to commit, both for buyers and sellers. Consequently, several impediments follow.
Conversant will align all of its business units — including a new SET Media video unit that it acquired for $26 million in cash and $4 million in stock days after its name change — around the goal of direct conversations between advertisers and consumers.
Camarillo-based Christian and conservative media company Salem Communications Corp. said Jan. 13 that it has purchased the assets of Eagle Publishing for $8.5 million in a bid to build “a conservative media powerhouse.”
