Top News

  • Wednesday, April 23, 2014

    Facebook Gets Clearance From FTC For Oculus VR Buy

    Facebook has received antitrust clearance from the Federal Trade Commission, for its acquisition of Irvine-based Oculus VR, the FTC said today. Facebook had said it would pay $2 billion for Oculus VR back in March. Oculus VR is a maker of 3D, virtual reality goggles and hardware. Two year old Oculus VR was venture backed by Andreessen Horowitz, Formation 8, Matrix Partners, and Spark Capital.Continue →

  • Wednesday, April 23, 2014

    Sizmek Bolsters Digital Advertising Staff In LA

    Sizmek, a developer of digital advertising technology, said this week that it has named Patrick Meehan as head of Sales in its Los Angeles office. The company--which is based in New York--has around 40 employees in Los Angeles. Meehan was previously
    Director of Agency Sales and Account Management at DoubleClick. Sizmek focuses on open ad management, helping to manage online advertising campaigns for advertisers and agencies....Continue →

  • Wednesday, April 23, 2014

    Nexus Acquired By Dimension Data

    Valencia, California-based Nexus, the information technology services provider headed by Deron Pearson, has been acquired by $6 billion IT solutions provider Dimension Data, the two said this morning. Financial terms of the acquisition were not announced. Nexus was founded in 2004, and has nineteen offices across the country....Continue →

  • Wednesday, April 23, 2014

    Allergan Adopts Poison Pill

    Irvine-based Allergan said late Tuesday evening that it has adopted a one-year, stockholder rights plan--better known to investors as a "poison pill"--after the receipt of an unsolicited bid by Valeant Pharmaceuticals to acquire the company. Allergan said its board of directors has unanimously adopted a one-year stockholder rights plan, and also declared a dividend distribution of one preferred share purchase right for each outstanding share of its common stock....Continue →

  • Wednesday, April 23, 2014

    uSamp Reports Record Quarter

    Los Angeles-based survey and sampling provider uSamp said Tuesday that it had a record quarter, saying it saw revenues grow by 42 percent, year over year. Actual financials were not released by the company. uSamp said the growth came due to growth in Europe. uSamp's services are used in market research efforts by companies. uSamp is venture backed by OpenView Venture Partners, Greycroft Partners, DFJ Frontier, and others.Continue →

  • Wednesday, April 23, 2014

    Cubic Bolsters Board

    San Diego-based Cubic Corporation, which operates information technology, system integration, and technical support services for the military and government sector, said Tuesday that it has named Steven John Norris to its board of directors. Norris is a UK businessman and served as a government minister in that country, serving under Prime Minister Sir John Major. He became a Member of Parliment in 1983 and was in the government until 1997....Continue →

  • Tuesday, April 22, 2014

    Aspiring LA Web Developer's Dream To Go To Coding Camp, Pay It Forward

    What do you do if you'd like to become a web developer, but can't afford to pay for the courses to learn those skills? One aspiring Los Angeles web developer has come up with a unique idea, an Indiegogo campaign to help raise money for a coding camp--in exchange for donating 10 percent of his income for the next two years to scholarships....Continue →

  • Tuesday, April 22, 2014

    Tubular Labs Finds $11M For Online Video Marketing Tools

    Tubular Labs, which develops online video marketing tools for AwesomenessTV, Maker Studios, and other local MCNs, said today that it has raised $11M in a Series B funding round. The company--which is based in Silicon Valley, but has some staff in Los Angeles--said the funding was led by Canaan Partners, and also included FirstMark Capital and Lerer Ventures. Canaan Partners's Warren Lee joins the company's board along with the funding....Continue →

  • Tuesday, April 22, 2014

    Hinge Launches Online Dating App In LA

    Los Angeles looks to be a hot market for online dating apps, as yet another, mobile dating app--Hinge, said it has launched in the city. Hinge--which comes out of New York City--said it is launching in LA today, to help single, young professionals meet others in the city. Hinge is focused on connecting people via their extended, social network, saying it uses Facebook validated profiles and a user's social links to help them meet people they will actually like....Continue →

  • Tuesday, April 22, 2014

    OpenX, YP Team On Display Advertising

    Los Angeles-based online advertising technology provider OpenX and YP said this morning that the two are in a new, display advertising deal, where YP will offer up programmatic, digital display advertising based on OpenX's technology. Financial details of the multi-year agreement were not announced. The two said the deal calls for YP to integrate its national sales team with a real time-bidding (RTB) an ad network system. The companies said the move would allow YP to unify both YP....Continue →

  • Tuesday, April 22, 2014

    The Chernin Group, AT&T Invest $500M In Online Video

    Los Angeles-based investor The Chernin Group and AT&T said this morning that the two have created a new, joint venture, which will acquire, invest, and launch over-the-top (OTT) video services. According to the two, they have committed a total of $500M for the new venture, which is specifically aimed in online video businesses. Other financial details of the deal were not announced....Continue →

  • Tuesday, April 22, 2014

    Allergan Gets Hostile Bid From Valeant

    Irvine-based healthcare firm Allergan has received a hostile bid from Valeant Pharmaceuticals, in a deal worth around $152.89 per share. Valeant offered to pay $48.30 in cash plus 0.83 percent in Valeant stock for each share of Allergan's stock, in a proposal released via an SEC filing....Continue →

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