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Investors Accelerate SmartVideo's $8 Million Private Placement

Authored by Mark Hefflinger on December 8, 2005 - 6:16am.
Atlanta - SmartVideo Technologies, an Atlanta-based provider of technology for broadcasting live, on-demand and download-and-play television content for mobile video users, announced that the investors in its recent private placement of stock have waived the secondary closing requirements and have completed the $4 million, second phase of the deal. Shares in SmartVideo surged on Thursday, following the announcement, moving up $0.95 to close at $6.10, a gain of 18%. SmartVideo's library of content includes news, weather, sports and children's programming from such companies such as ABC News, NBC Universal, Fox Sports and The Weather Channel, among others.
tags: Deals | VC | SmartVideo | Private Placement | Investors |

Online Ad Firm DoubleClick Acquired by Investors for $1.1 Billion

Authored by Mark Hefflinger on April 25, 2005 - 7:27am.
New York -- DoubleClick, a provider of online advertising technology and services, announced on Monday that it has signed an agreement to be acquired and taken private by San Francisco-based private equity firm Hellman & Friedman LLC. DoubleClick shareholders will receive about $1.1 billion, a 10.6% premium over the recent average value of DoubleClick shares. San Diego-based venture capital firm JMI Equity also invested in the acquisition. New York-based DoubleClick said in November that it had hired an advisor to explore a possible sale of the company. "We look forward to partnering with the DoubleClick team to help realize the company's significant opportunities for growth in both its online advertising and marketing and data businesses," said Hellman & Friedman managing director Philip Hammarskjold. Following the deal's closing, expected in the third quarter, DoubleClick CEO Kevin Ryan will step down to pursue other opportunities, and a new chairman and board of directors will be appointed.
tags: DoubleClick | Investors | Online Ad | Acquired |

Broadband Ad Delivery Firm Lightningcast Adds Two New Investors

Authored by Mark Hefflinger on November 22, 2004 - 4:36am.
Washington, DC -- About four months after raising $5 million in a round of venture capital financing, DC-based Lightningcast, a maker of software for broadband advertising, said on Monday that it has added two new investors -- WWC Capital and the Washington Dinner Club. The amount of the additional funding was not disclosed, but the company said that it plans to use it to accelerate product development and expand its sales organization in response to increase demand for its products. The company's clients include AOL, Disney/ABC, Microsoft and MTV.
tags: Broadband | Lightningcast | Investors |

Google Launches IPO Website, Begins Registering Prospective Investors

Authored by Mark Hefflinger on August 2, 2004 - 3:54am.
Mountain View, Calif. -- Search engine giant Google has launched the website that will host the public auction of shares for its upcoming initial public offering (IPO), expected to raise up to $3.3 billion. Potential investors may now visit the sit and register for an identification number to participate in the auction, as well as declare the number of shares they wish to buy and the price they are willing to pay for them. Google has said that it chose the more unorthodox public auction process for its IPO in order to put smaller investors on more equal footing with large investors. Mountain View, Calif.-based Google said in an SEC filing that it expects its shares to sell for between $108 and $135 per share.
tags: Google | Investors | IPO Website | Registering | Prospective |

ReplayTV Maker Sonicblue Seeks New Investors, Possible Sale of Company

Authored by Mark Hefflinger on January 17, 2003 - 6:23am.
Santa Clara, Calif. -- Consumer electronics firm Sonicblue, manufacturer of the ReplayTV personal video recorder and Rio line of MP3 players, announced on Friday that, "in light of the amount of debt" the company holds, it is currently seeking new investors, including a potential party to acquire the company, its business units or assets. To that end, the company has hired financial advisor Houlihan Lokey Howard & Zukin to help explore its strategic options. "Sonicblue has improved its operational performance, and its new product lines are well poised for 2003," said CEO Gregory Ballard. "The goal of this process is to clear the way for the Company's businesses to continue their strong growth in the market, unburdened by the amount of debt now carried on the Company's balance sheet."
tags: ReplayTV | Investors | Sonicblue |