Ticketmaster Teaches Scalpers How to Rip Off Concert Goers

The only solution to this is to allow market forces and competition. That is not likely to happen without robust anti-Trust enforcement. Either we have to break up Ticketmaster, or and disallow exclusive deals for venues. We need viable competition! Ticketmaster recruits pros for secret scalper program Source: CBC   Beyond running the official box… Read More The post Ticketmaster Teaches Scalpers How to Rip Off Concert Goers appeared first on The Big Picture.

Eniac leads $1.5 mln seed funding of Bleximo

Berkeley, California-based Bleximo Corp, which focuses on quantum computing applications, announced it has raised $1.5 million in seed-stage funding led by Eniac Ventures. Also participating are Boost VC, Creative Ventures, KEC Ventures and Gyan Kapur. Bleximo was founded last year by Cyclotron Road fellow and quantum expert Alexei Marchenkov. Source: Company release  

Energy Sector Moves to IT BUY Signal – All Sectors, All on BUYs IT and LT

When I look at the DecisionPoint Sector Scoreboard, it is near impossible to be bearish in the longer term. When we see participation in all of the sectors that results in BUY signals across the board, the market is not generally vulnerable to a correction. Price shocks happen, but typically you will see the BUY signals start to disappear on the Scoreboard before a correction or certainly a bear market. We have not added the new Communications SPDR (XLC) to our signal table yet, but if we had, it would show an IT Trend Model Neutral signal. As I'll show you, it is nearing an IT Trend Model BUY signal as well.

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Transatomic to Shutter Its Nuclear Reactor Plans, Open-Source Its Technology

Nuclear reactor startup Transatomic Power is shutting down operations, after deciding it doesn&rsquo;t see a viable path to bringing its molten salt reactor designs to scale.&nbsp;


But the startup still wants its technology to play a role in the future of advanced nuclear reactors &mdash;&nbsp;so it&rsquo;s making it all public.&nbsp;


In a&nbsp;<a href="http://www.transatomicpower.com/open-source/" >Tuesday announcement</a>,&nbsp;Leslie Dewan, Transatomic&rsquo;s CEO and co-founder, wrote, &ldquo;We haven&rsquo;t been able to scale up the company rapidly enough to build our reactor in a reasonable timeframe. It is therefore with a heavy heart that I must announce that Transatomic is suspending operations.&rdquo;


Dewan also announced that the Cambridge, Mass.-based company will be &ldquo;open-sourcing our intellectual property, making it available for any researchers &mdash;&nbsp;private, public or nonprofit &mdash;&nbsp;who want to continue the work we&rsquo;ve started.&rdquo;&nbsp;


Transatomic is working with the Department of Energy&rsquo;s <a href="https://gain.inl.gov/SitePages/Home.aspx" >Gateway for Advanced Innovation in Nuclear</a>&nbsp;(GAIN) program to <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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9/25 MWL Recap: "Q4 Seasonality and Drilling Down" – Correlation

Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. The show runs throughout the day on StockCharts TV or you can find the latest episode on the YouTube StockCharts channel here. Information abounds in our Monday through Friday 12:00p - 1:30p shows, but the MWL Blog will give you summary slides and time stamps for viewing later. Be sure and check out the MarketWatchers LIVE ChartList for the 10 in 10 charts.  Your comments, questions and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE, email is marketwatchers@stockcharts.com and come "like" our MarketWatchers LIVE Facebook page. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.  < p class"entry-more-link">Continue reading Continue reading "9/25 MWL Recap: "Q4 Seasonality and Drilling Down" – Correlation"

PE-backed Innovative Chemical Products acquires Signature Sports Flooring

Innovative Chemical Products, a portfolio company of Audax Private Equity, has acquired Flower Mound, Texas-based Signature Sports Flooring, a provider of synthetic and hardwood sports flooring systems. No financial terms were disclosed. PRESS RELEASE ANDOVER, Mass.–(BUSINESS WIRE)–Innovative Chemical Products (the ICP Group), today announces the acquisition of Signature Sports Flooring, a division of Signature Systems Group, LLC. Headquartered out of Flower Mound, Texas, Signature Sports Flooring is the leading manufacturer, distributor, and installer of synthetic and hardwood sports flooring systems. The ICP Group will add the Signature Sports Flooring brand to their Sport Surfaces Unit, which is part of their Building Solutions Group (BSG). ICP’s Building Solutions Group is a compilation of industry-leading brands that deliver high performance professional products and services for building envelope, cementitious flooring, and sport surface applications. BSG’s Sport Surfaces Unit serves as a platform for the world’s most elite sport surface
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Troy Capital, Oaktree Capital affiliate create $200 mln fund for employee, investor liquidity

Troy Capital Group and an Oaktree Capital Management affiliate said they created a $200 million fund to provide loan-based liquidity to employees and investors of pre-IPO private companies. Among Troy’s co-founders is Josh Berman, co-founder of MySpace. A press release follows:   Troy Capital Group Announces Launch of New $200 Million Fund Providing Liquidity to Pre-IPO Private Company Employees and Investors Technology Industry Veterans Partner with Oaktree to Launch Unique Loan Product for Employees and Shareholders Holding Private Company Stock LOS ANGELES, CALIFORNIA – September 26st, 2018 – Troy Capital Group (“TCG”) and an affiliate of funds managed by Oaktree Capital Management, L.P. (“Oaktree”) today announced the launch of a $200 million fund that will provide liquidity to employees and investors of Pre-IPO private companies. TCG’s loan product will provide private companies, employees and early investors with non-recourse loans backed solely by their company’s stock, enabling those people
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ElectrIQ Raises $6 Million Seed Round to Finance Home Storage Push

Bay Area startup ElectrIQ raised a $6 million seed round to support its challenge to the home storage incumbents.


Earlier this month, the company&nbsp;<a href="https://www.greentechmedia.com/articles/read/electriq-launches-smart-home-battery-system-for-8999#gs.fV9SWgo">released a new product</a>, the PowerPod, which packs 11 kilowatt-hours of energy capacity, an inverter and smart home integration into one $8,999 package. That left the question of how a 17-person startup could sustain competition with the likes of Tesla&rsquo;s Powerwall or LG Chem&rsquo;s Resu.


The company offered up some answers this week.


It has raised $6 million in a combination of debt conversion financing and new equity financing. <a href="http://www.greensoil-investments.com/greensoil-building-innovation/">GreenSoil Building Innovation Fund</a>, a Canadian firm backed by real estate owners and developers, led the round, which also included several dozen unnamed smaller investors.


&ldquo;This provides sufficient capital to get us to scale in the volumes and manufacturing that we&rsquo;re expecting next year,&rdquo; said Frank Magnotti, the board member who stepped into the CEO <div class="post-limited-image"><img src="http://feeds.feedburner.com/~ff/GreentechMedia?d=yIl2AUoC8zA" border="0"></div>
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Dominus Capital sells W.F. Taylor to Arsenal-backed Meridian

Meridian Adhesives Group, which is backed by Arsenal Capital Partners, has acquired W.F. Taylor LLC from Dominus Capital. No financial terms were disclosed. Based in Dalton, Georgia, W.F. Taylor is a maker of performing flooring adhesives. PRESS RELEASE NEW YORK, September 25, 2018 – Meridian Adhesives Group (“Meridian”) announced today the acquisition of W.F. Taylor, LLC (“Taylor”) from Dominus Capital, L.P. (“Dominus”). The terms of the acquisition were not disclosed. Earlier this year, Arsenal Capital Partners (“Arsenal”) created Meridian as its new platform in the global adhesives and sealants sector, focusing on high-value adhesives technologies. In May 2018, Meridian completed the acquisitions of Epoxy Technology and Adhesives Technology Corporation. The acquisition of Taylor adds specialty flooring adhesives to Meridian’s portfolio which today includes high-performance specialty epoxy, polyurethane, and hybrid adhesives for the electronics, medical, construction, and infrastructure markets. Roy Seroussi, an Investment Partner of
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Grubhub agrees to buy VC-backed Tapingo for $150 mln

Grubhub has agreed to acquire Israeli-based Tapingo, provider of an on-campus food ordering platform, for $150 million. The deal is expected to close in the fourth quarter. Tapingo, which also has an office in San Francisco, was founded in 2012 and has raised about $36 million in venture funding from Khosla Ventures, Qualcomm Ventures, Viola Ventures and DCM Ventures, among others. Source: Company announcement  

German tech investor Primepulse plans fourth-quarter IPO: Reuters

German tech investor Primepulse, which has interests in cloud services, vision technology, electronics and automotive markets, is planning to float on the Frankfurt stock exchange in the fourth quarter of this year, the company said on Tuesday. Newly-issued shares worth 250 million euros ($294 million) will be offered, and the proceeds will be used to buy controlling stakes in technology groups as well as to strengthen existing investments, it said in a statement. While the company declined to comment on its potential valuation, a person close to the matter said the free float – or proportion of equity readily available for trading on the exchange – was expected to be 25-35 percent after the initial public offering (IPO). The IPO also includes an over-allotment option to sell more shares equivalent to 15 percent of the offering’s size, which could be exercised if demand is strong enough.
Those shares would
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WeddingWire investors to buy event planner XO in $933 million deal: Reuters

Event planning company XO Group Inc (XOXO.N) said on Tuesday two private equity funds would take the company private in a $933 million deal and merge it with wedding planning group WeddingWire Inc. WeddingWire investors Permira Funds and Spectrum Equity will pay $35.00 per share in cash to XO shareholders, a 27 percent premium to the stock’s Monday close. XO shares jumped 26 percent to $34.78 in morning trading. XO Group Chief Executive Officer Mike Steib and his WeddingWire counterpart, Tim Chi, will become co-CEOs of the merged group, which will maintain XO’s The Knot and WeddingWire as separate brands. The combined entity will have 1,700 employees, with operations in 15 countries. The deal is expected to close in the first half of 2019 and mark the end of XO’s 19-year run as a public company. Allen & Co LLC is XO’s financial adviser, while J.P.
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2:00PM Water Cooler 9/25/2018

Today's Water Cooler: China tariffs, Kavanaugh, Democrats and the intelligence community, Mueller, manufacturing, housing, consumer confidence, appendicitis, linux developers, racist AIs, meta studies

Mobile app testing company Kobiton scores $3 mln seed

Atlanta-based Kobiton, a mobile app testing company, has secured $3 million in seed funding. Kinetic Ventures led the round with participation from KMS Technology and Service Provider Capital. PRESS RELEASE Atlanta, Georgia (September 26, 2018) Kobiton has raised $3 million in seed funding to accelerate growth of its mobile app testing business. The investment was led by Kinetic Ventures with participation from KMS Technology and Service Provider Capital. Kobiton will use the money to expand its sales and marketing efforts aimed at the $50 billion mobile app development and testing market. This is the first external financing for Kobiton, which was founded by Josh Lieberman and Vu Lam, founders of QASymphony (which sold recently to Tricentis) and Katalon. Kobiton has experienced a 700-percent increase in monthly recurring revenue since June 2017 and has more than 370 customers, 25,000 users on its platform, and is on pace to exceed one
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