Stories for Mar. 27, 2014

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Stories for Mar. 26, 2014
In Brief

The ink is apparently dry on the acquisition deal between “social influence” and analytics platform Klout and customer service software company Lithium Technologies: Fortune reported Wednesday that the deal has closed, for nearly $200 million. That’s nearly double the $100 million initially reported by Re/code. Lithium will likely use Klout to help identify influencers on behalf of brands who use the company’s technology for customer service, and, according to Fortune, might help the company go public in the near future.

In Brief

Startup OneRoof Energy has closed another funding round of $31.5 million, according to a filing. Launched in 2011 and based in San Diego, Calif., OneRoof teams up with roofers and electricians to sell rooftop solar systems and financing products (like leases). The company has also raised funding from Morgan Stanley, Black Coral Capital’s energy fund and Korean power company Hanwha. The market for solar panel systems is growing dramatically in the U.S.

This $31.5 million is a subset of OneRoof Energy’s recent reverse merger with Carlaw Capital IV, a Canadian capital pool company, with total proceeds of around 50 million Canadian dollars. The $31.5 million is the portion of shares purchased by U.S. investors.

Updated on March 31, 11:04 AM PST to clarify the funding.

Solar panel

In Brief

LG G Watch

The 2014 Google I/O Developer Event is set for June 25 and 26 at San Francisco’s Moscone Center. An official blog post announcing the event webpage shared details on Wednesday and there’s a big change from years past when tickets have sold out in minutes. This year, Google will open registration between April 8 and 10, later choosing attendees randomly. While Android and Chrome often share the spotlight, this year’s Google I/O should provide more information about Android Wear, the company’s platform for smartwatches. LG’s G Watch is expected to debut in the second quarter, perhaps setting the stage for an I/O appearance.

In Brief

Last.fm, the CBS-owned digital music outlet, will close down its streaming radio product by the end of April (hat tip to Engadget). Last.fm announced in its forums Tuesday that it wants to concentrate on “scrobbling”, meaning music recognition and recommendation, going forward, and that it will rely on YouTube and Spotify for its music player. The move was widely expected after Last.fm rolled out a YouTube-based radio player in January.

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