Semtech sells off cellular module business for $62M
Camarillo-based Semtech, a provider of Internet of Things products, announced that it is selling off its cellular module business to Compal Electronics for $62 million in cash, according to an Aug. 13 press release. Compal Electronics is a major Taiwanese original design manufacturer founded in 1984. The deal is expected to close in the fourth Read More →
Latigo’s successful IPO boosts Conejo Valley
The success of the Conejo Valley’s burgeoning biotechnology and life sciences scene was boosted after Thousand Oaks-based Latigo Biotherapeutics, in its Aug. 6 initial public offering, raised $345.6 million, exceeding its initial fundraising expectations. Originally, the company expected to offer 16 million shares between $16 and $18 apiece. In the final offering, Latigo sold 19.2 million shares at Read More →
Updated: Teledyne acquires Varex Imaging for $1.1B
This story was updated on Aug. 12. Thousand Oaks-based Teledyne Technologies made one of the largest acquisitions by a Central Coast-based company this year when it announced it would be purchasing Varex Imaging for $1.1 billion in an effort to increase its exposure in the health care market. Teledyne announced Aug. 10 that it would acquire all of Read More →
Bibi Moezzi joins Community West Bank as market manager
Veteran Santa Barbara business banker Bibi Moezzi announced her move from Columbia Bank to Community West Bank, triggering a flood of comments on LinkedIn. “I’m happy to share that I am starting a new position as Market Manager at Communit West Bank,” Moezzi said in her LinkedIn post. Moezzi also will be a senior vice Read More →
The Trade Desk shares hit sharp decline after another bad earnings
Shares of Ventura-based The Trade Desk will be in the spotlinght on August 10 as the company tries to recover from a more than 20% plunge. After reporting revenues that badly missed estimates, shares of The Trade Desk fell to the 13.82 level on August 7 making it one of the worst performers on the Read More →
Procore’s AI play highlights deal frenzy
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
