SAM client Lucky Strike Entertainment, one of the nation’s largest chains of upscale bowling alleys, and its CEO Steven Foster were featured on the CBS television series “Undercover Boss” on Sunday, November 14, 2010. To view video clips of the episode, and to view the press release, click the links below.
Stubbs Alderton & Markiles lawyers Scott Alderton and Louis Wharton helped client Ad.ly, an LA-based In-Stream Advertising Network, raise a $5 million Series A financing. The round, which closed on May 18, 2010, was led by GRP Partners out of Los Angeles, CA, and was joined by Greycroft Partners and Angel Investor Matt Coffin.
Ad.ly is an in-stream advertising platform that intelligently connects brands with influencers that publish content in streams like Twitter, MySpace, Facebook, and more. You can learn more about Ad.ly at www.ad.ly.
Stubbs Alderton & Markiles, LLP client LeisureLink, Inc., a leading distribution and revenue management platform for specialty lodging suppliers, announced that it has successfully raised $9 million in a Series C venture financing round, with the funding coming from current investors Clearstone Venture Partners, Mission Ventures and Wyndham Exchange & Rentals. SAM Partners Joe Stubbs and Ryan Azlein represented LeisureLink. To view the press release regarding the transaction, click here.
SAM client Atrinsic, Inc. has entered into an agreement with SAM client Brilliant Digital Entertainment, Inc. to acquire its Kazaa digital music service. To view Atrinsic’s press release regarding the acquisition, click here.
Stubbs Alderton & Markiles, LLP client National Coal Corporation announced that it has agreed to be acquired by Ranger Energy Investment, LLC. To view the press release regarding this transaction, click here.
Stubbs Alderton & Markiles, LLP is representing its client, Sigue Corporation in the acquisition of Coinstar Inc.’s money transfer business. Coinstar has signed a definitive agreement to sell its money transfer business to Sigue Corporation for the expected purchase price of $41.5 million, subject to a post-closing net working capital adjustment. The closing is expected next year. To view the press release regarding the transaction, click here.
Stubbs Alderton & Markiles LLP client Rdio.com (www.rdio.com) will be featured in August 21, 2010’s Billboard Magazine cover story as the #1 Start-Up Company of the Year!
To view the featured article, click here.
Dun & Bradstreet Credibility Corp., headed by SAM client Jeffrey M. Stibel, the former CEO of Web.com and former GM at United Online, completed its most recent financing transaction for $100M. Dun & Bradstreet said Thursday afternoon that it has secured $100M in financing from Great Hill Partners. The firm said it has also acquired the North American Credit-on-Self division of D&B (NYSE: DNB), in a deal worth approximately $100M. The firm said that Dun & Bradstreet Credibility Corp. will provide a service to help businesses to establish, monitor, and build their business credit and credibility. Stibel serves as Chairman and CEO. The company also said that Great Hill Partners has committed an additional $100M above and beyond the purchase price, to invest in the business. Stibel sits on the boards of Los Angeles-based CDN Edgecast, Irvine’s Autobytel, Los Angeles-based The Search Agency, and other firms.
To view the SoCal Tech article regarding the financing, click here.
To view the SoCal Tech interview with Jeffrey Stibel, click here.
Partner Greg Akselrud will be a featured speaker at the Digital Hollywood Fall conference on Tuesday, October 18, 2010 at the Loews Santa Monica Beach Hotel. Greg will be speaking on the topic of “Start-Up Strategies and Funding – a Primer for Content and Technology Companies.” To view details and register for the conference, click here.
Today Stubbs Alderton & Markiles, LLP announces the launch of client Rdio in the United States and Canada. Designed as a highly social experience, Rdio (www.rdio.com) improves the discovery and sharing of music and the way music can be accessed through a Web browser and on smartphones. Rdio will offer unlimited, on-demand access to five million songs for a monthly subscription allowing users to listen to as many songs as they want, anytime and anywhere.
To view the press release regarding the launch, click here.
Check out the Rdio company blog here.