Links 6/15: One Kings Lane marked down for sale; UniTek, rising from dead, gets Comcast work
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One Kings Lane: From almost $1 billion to 'not material' (CNBC)
Marked downed for sale to Bed Bath & Beyond. Adds to First Round Capital's somewhat mixed record with online retail, though two things to keep in mind: first, FRC's investments have usually been early and small. It might even exit One King's Lane realizing a gain, I imagine. Secondly, one success like Warby Parker (if it holds its value) would probably make up for the rest.
Main Line software firm raises $12M (Philadelphia Business Journal)
First Round Capital and NewSpring Capital are return investors.
Here’s what we know about a possible DraftKings–FanDuel merger (Recode)
Some area investors have an interest.
Comcast Leads $6.8 Million Investment in Virtual-Reality Studio (Bloomberg)
Comcast and DirecTV vendor UniTek ramps back up (FierceCable)
UniTek is based in King of Prussia.
Cablevision Sale Clears Last Regulatory Hurdle (Fortune)
Global software giant [SAP] plans data center in Colorado Springs business park (Colorado Springs Gazette)
Microsoft makes some moves to lift Dynamics CRM marketshare (TechCrunch)
Samsung to acquire cloud services startup Joyent (Marketwatch)
Oracle’s licensing business could suffer as cloud grows (Marketwatch)
InstaMed Releases Sixth Annual Trends in Healthcare Payments Report
Insurance startup BenefitVault has laid off most of its staff (Technically Philly)
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