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BUSINESS
March 2, 1988 | JESUS SANCHEZ and MARTHA GROVES, Times Staff Writers
Boys Markets--the 54-store Los Angeles supermarket chain built on catering to Southern California's burgeoning minority communities--said Tuesday that it has received a $130.7-million takeover offer, reportedly from a wealthy Mexican family. The announcement comes as the Los Angeles supermarket industry is being shaken by a round of takeovers and mergers.
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BUSINESS
March 25, 2014 | By Jessica Guynn
SAN FRANCISCO - A tiny Irvine company founded by a 21-year-old Cal State Long Beach drop-out may play a leading role in Facebook's next major bet on the future of the Internet: that virtual reality will change the way people experience the Web. Facebook said Tuesday that it was buying Oculus VR, maker of virtual reality headsets for video game players, for $2 billion. The ultimate goal of the acquisition, the giant social network said, is to create an immersive 3-D experience in which users don't just chat online with friends but grab a cup of coffee with them in a virtual cafe or travel with them to distant places, just by putting on a pair of goggles with dark lenses.
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BUSINESS
October 8, 1987 | JESUS SANCHEZ, Times Staff Writer
The Los Angeles-based maker of Skippy dog food and Petuna cat food said Wednesday that it has agreed to sell its pet food business to foods giant H. J. Heinz for an undisclosed sum. California Home Brands Holdings, a privately held firm based in Terminal Island, said the sale would include pet food plants in Long Beach, Wilmington, San Leandro and Etiwanda, Calif., and Camp Hill, Pa. The plants employ about 550 people.
SPORTS
March 7, 2014 | By Jim Peltz
The Galaxy opens its season Saturday night facing the rival that knocked them out of the playoffs last year: Real Salt Lake. But the Galaxy will field a markedly different team at the StubHub Center after bolstering its ranks with several experienced players during the off-season. The moves were to correct the team's uneven play in 2013. "If there was a weakness last year, it's that we were inconsistent," said Coach Bruce Arena, who last month signed a multiyear contract extension.
NEWS
August 2, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
One of Orange County's pioneer developers of planned communities, the Mission Viejo Co., will be sold to J.F. Shea Co., an expanding Southern California building firm, it was announced Friday. The deal is expected to fetch more than $400 million, although terms were not disclosed by Philip Morris Cos. Inc., which has owned the Mission Viejo Co. since 1972. Shea will acquire about 900 acres of undeveloped land in Mission Viejo and Aliso Viejo, and 3,600 acres in Colorado.
BUSINESS
November 23, 1995 | From Reuters
Masco Corp. said Wednesday that it agreed to sell its Masco Home Furnishings Group for more than $1.1 billion to a new company formed by Morgan Stanley Capital Partners. Masco will receive more than $1 billion in cash, as well as options and warrants to invest in the acquiring company. Morgan Stanley Capital Partners is the private equity division of Morgan Stanley Group Inc.
BUSINESS
December 22, 1999 | (Bloomberg News)
Spiegel Inc., a catalog retailer under the Eddie Bauer, Newport News and its namesake brands, said it plans to buy the Clifford & Wills women's clothing catalog from closely held J. Crew Group Inc. to boost sales. Terms of the sale were not disclosed. The transaction would include the Clifford & Wills name, a U.S. customer list and a Web site, the company said. Spiegel is seeking to buy brands or form partnerships this year to boost sales and profit.
BUSINESS
November 6, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
A life insurance company owned by Irvine-based Lincoln Savings & Loan, the insolvent thrift now operated by federal regulators, said Monday that it had been sold for $31 million to a group of investors. American Founders Life Insurance Co. in Phoenix was acquired by a Nashville, Tenn., limited partnership called Financial Securities Fund, which bought a controlling interest, and the Riverside Group, a Jacksonville, Fla., insurance holding company.
BUSINESS
September 1, 2007 | E. Scott Reckard, Times Staff Writer
Ameriquest Mortgage Co., once the "Proud Sponsor of the American Dream," is closing. Citigroup Inc. said Friday that it would buy the remnants of the Ameriquest empire from ACC Capital Holdings in Orange, and ACC said it was "preparing for an orderly wind-down of its retail mortgage business." Ameriquest shuttered its 229 retail offices months ago. As recently as 2005, Ameriquest and its sister company, Argent Mortgage, were together the No. 1 sub-prime mortgage lender in the world.
BUSINESS
March 23, 1999 | DARYL STRICKLAND, TIMES STAFF WRITER
Ending months of speculation about its future, mortgage lending giant DiTech Funding Corp. of Irvine said Monday that it agreed to be acquired by GMAC Mortgage Corp., a unit of General Motors Corp. Terms were not disclosed. DiTech, one of the Southland's largest mortgage lenders and an aggressive marketer of higher-risk home equity loans, shelved plans for an initial public stock offering last fall that it had hoped would raise about $110 million for a minority stake in the company.
SPORTS
March 1, 2014 | By Lance Pugmire
Owning the NHL's best record, the Ducks aren't feeling the pressure of Wednesday's trading deadline like others trying to get in the playoffs, climb toward Anaheim's lofty perch or rid themselves of a pending free agent. Yet, a final piece that could help clinch home-ice advantage through the Western Conference playoffs and further improve their chance at a Stanley Cup might be out there, and the Ducks are equipped with the depth to deal. Whether it be one more shutdown defenseman, an elite scoring forward or another center, Anaheim owns two first-round and two second-round picks in this year's draft, and a wealth of goaltending depth - such as Viktor Fasth - with young forwards who might also emerge as bargaining chips.
BUSINESS
February 28, 2014 | By Tiffany Hsu
Mattel Inc. dominates the market for dolls with its Barbie, Monster High and American Girl brands. But now it also wants to play with blocks. The El Segundo giant is paying $460 million to buy Canadian construction toy company Mega Brands Inc. as it pursues what it calls a “strategic imperative” to grow beyond the categories upon which it has relied for years. The acquisition essentially heralds a turf war between Mattel and Danish company Lego, which makes the popular plastic bricks currently being featured on-screen in box-office king “The Lego Movie.” Lego said Thursday that its global sales rose 10% last year even as the toy industry slipped slightly.
BUSINESS
February 25, 2014 | By Jessica Guynn
SAN FRANCISCO - Less than two years ago, disillusioned investors were fleeing Facebook Inc. stock, worried the company would never figure out how to make the leap to mobile devices from personal computers, let alone make money on them. Now, more than half of the giant social network's advertising revenue is coming from ads for its 1.2 billion users on smartphones and tablets. And it's buying WhatsApp after outbidding rival Google Inc. for the most popular mobile app for sending messages on smartphones.
BUSINESS
February 21, 2014 | By Chris O'Brien
Apple said Friday that it had acquired Burstly , a small Santa Monica-based company that lets developers make their apps available for testing by outside users. The acquisition was first reported by TechCrunch and later confirmed by an Apple spokeswoman. No price was disclosed.  PHOTOS: 10 ways to use the sharing economy Although Apple has restrictions on how widely companies can beta test apps on its iOS platform, third-party companies such as Burstly have allowed developers to reach more users.
ENTERTAINMENT
February 19, 2014 | By Joe Flint
The new distribution contract CBS Corp. signed with Time Warner Cable Inc. last summer after a bitter fight could be a casualty of Comcast Corp.'s proposed acquisition of the pay-TV operator. According to people familiar with the deal, it does not include provisions protecting all the terms of the pact should Time Warner Cable be acquired by a distributor with a sweeter arrangement. These people requested anonymity because the agreement is confidential. Terms of the CBS-Time Warner Cable pact were never publicly disclosed, but Comcast, which signed a 10-year distribution agreement with CBS in 2010, is believed to be paying a lower fee to carry the network's TV stations.
SPORTS
January 9, 2014 | By Sam Farmer
RENTON, Wash. - Chalk up another successful reverse to Percy Harvin. The Seattle Seahawks receiver said Thursday that he would play Saturday in a divisional playoff game against New Orleans, less than two weeks after the Seahawks flirted with the idea of putting him on injured reserve. Harvin, among the league's splashiest off-season acquisitions, missed the first 21/2 months of the season after undergoing hip surgery in August. He returned in Week 11 for a game against Minnesota, his old team, but was sidelined because of soreness and swelling after that game.
BUSINESS
August 10, 1994 | From Bloomberg Business News
Sherwin-Williams Co. said Tuesday that it has acquired the assets of Ontario-based Old Quaker Paint Co., a closely held company that has seven paint stores in Southern California and sells products to the new-home construction market. Sherwin-Williams, a Cleveland-based maker and retailer of paint, did not disclose the price it paid for Old Quaker, which had annual revenue of less than $20 million and less than 100 employees, a company spokesman said.
BUSINESS
July 15, 2006 | Elizabeth Douglass, Times Staff Writer
Chevron Corp. said Friday that it would buy most of the gasoline stations owned by USA Petroleum Corp., the California independent retailer believed to have invented self-service fueling in the 1940s. Privately owned USA Petroleum, based in Thousand Oaks, plans to sell 122 of its 160 stations -- amounting to nearly all of its California network, USA Petroleum President Mark Conant said. All but a handful of the affected stations sell fuel under the USA name.
BUSINESS
December 30, 2013 | By Stuart Pfeifer
Jacobs Engineering Group Inc., which started as a one-man consulting shop in 1947, has grown into one of the largest and most respected U.S. engineering firms. The Pasadena construction consulting company handles engineering, architecture and construction projects for governments and businesses worldwide. It has clients in oil and gas, chemicals, aerospace, defense, mining, pharmaceuticals, power, paper, technology, food and other industries. Founder Joseph J. Jacobs, the son of Lebanese parents, built the company into a $1-billion business by the time he retired in 1992 at age 76, pushing it into the lucrative environmental services business.
ENTERTAINMENT
December 16, 2013 | By Joe Flint
CNN is making a further push into the documentary film business with the creation of an acquisition unit. The cable news channel, which last year launched CNN Films to make and finance documentaries, will now also buy older documentaries for the network through its newly created CNN Films Presents banner. "March of the Penguins," which won an Oscar for best documentary, and "The Imposter" are the first purchases of CNN Films Presents. " Both will air on CNN in January. "March of the Penguins" will debut Jan. 2; "The Imposter," a 2012 documentary about French conman Frédéric Bourdin, will air Jan.
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