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Times Staff and Wire Reports

Santa Barbara-based Allstar Inns Inc. said it received formal notice from Motel 6 Operating LP and its units that they are in the process of finalizing a lease option to purchase 71 Allstar motels for $40 million plus secured debt. . . . Santa Clara-based Zoran Corp. said it acquired privately held video and audio hardware and software maker CompCore Multimedia Inc. of Santa Monica for $57 million.

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