TOP NEWS

Team Liquid Acquired By Local Sports, Media, Tech Entrepeneurs

E-sports franchise ,a href="http://www.teamliquid.net">Team Liquid, which operates ten different e-sports teams with more than 50 players in total, has been acquired by a group of entrepreneurs led by Peter Guber and Ted Leonsis....Continue →


EcoATM Gets New CEO After Private Equity Acquisition

San Diego-based ecoATM has appointed David D. Maquera as its CEO, after the completion of the company's acquisition by private equity investor Apollo Global Management. Apollo paid approximately $1.6 billion for ecoAtM's parent company, Outerwall, which it is splitting back into three separate companies--Redbox, Coinstar, and ecoATM. David Maquera had been serving as President of Outerwall's ecoATM business, which allows consumers to turn in their old cell phones for cash payments....Continue →


LeisureLink Shuts Down All Operations

LeisureLink, the developer of vacation rental booking software which was started in Pasadena, has shut down all of its operations, and laid off all of its staff. In a letter to partners, LeisureLink said all employees of LeisureLink are being terminated and the platform turned off, after its management was unable to raise additional equity to fund the company....Continue →


Jukin Media Targets Brands, Creative Agencies With New Unit

Los Angeles-based Jukin Media said today that it has launched a new division, which will specifically aim at helping brands with their advertising and content marketing campaigns. Jukin said the new division--called "Ethos"-will use its technology and expertise in user generated content (UGC), to help brands and agencies to target, source, and clear user-generated video for content marketing and creative advertising campaigns....Continue →


Elon Musk Unveils Plans For Interplanetary Colonization

Tech mogul Elon Musk is unveiling his plans for interplanetary colonization, starting with Mars, at a conference today, saying he is looking to make humans an "interplanetary species". SpaceX unveiled a video envisioning a system that will give humans access to the entire solar systems, involving the use of inflight refueling of spaceships in orbit, and interplanetary refueling stations....Continue →


Fulgent Genetics Poised For IPO On Wednesday

Ming Hsieh, the founder of Fulgent Genomics, former founder of Cogent, and namesake of the University of Southern California's Mind Hsieh Department of Electrical Engineering--looks to be having two big events in the next month; a possible IPO of Fulgent Genomics on the NASDAQ Global Market on Wednesday, and the ten year anniversary of the naming of USC's EE department after him....Continue →


Obalon Sets IPO Pricing Range

Carlsbad-based Obalon Therapeutics, which is developing a balloon-based medical device for assisting in weight loss, has set the estimated initial IPO pricing range for its public offering, saying it now expects an initial public offering at between $14.00 and $16.00 per share. The company is selling 5,000,000 shares of its common stock, which would net it $92.0M if it prices at the high end of its estimated range. Obalon is looking to list on the NASDAQ Global Market as OBLN....Continue →


Foursquare Opens First Office In LA

Location-based information service Foursquare said on Monday that it has opened up its first office in Los Angeles, in Playa Vista. According to Foursquare, the new office will help it meet explosion in demand, in part due to local local automotive, entertainment, CPG and QSR customers. The company said that Lindsay Aston, Matt Bontaites and Karen Lurry will lead the new office....Continue →


Fortis Therapeutics Raises $18M

San Diego-based Fortis Therapeutics, a new biotech company in the immuno-oncology area, announced this morning that it has raised $18M in a Series A funding. The funding was led by Avalon Ventures and also included Bregua Corporation, Lilly Asia Ventures, Osage University Partners, and Vivo Capital. The startup, based in the COI Pharmaceuticals cluster of companies in San Diego, is based on research developed by Bin Liu, Ph.D., a professor in the Department of Anesthesia at UC San Francisco....Continue →


HireAHelper Launches Moving Cost Calculator

Oceanside-based HireAHelper, which operates an online, peer-to-peer marketplace for finding labor to help you move, has launched a new website focused on moving costs. The company said it has launched the Moving Cost Calculator, a new website which lets users get estimates of moving expenses from service providers from across the industry....Continue →


Esri Supplies Microsoft With GIS Service

Redland-based GIS software developer Esri said on Monday that it has been selected by Microsoft, to offer up its GIS services for Microsoft Power BI and Microsoft Azure. Esri said its ArcGIS platform will be integrated into Microsoft's Power BI (Business Intelligence), a set of business analytics tools. Esri will also offer up its ArcGIS Pro desktop application via Microsoft Azure. Financial details of the collaboration deal were not announced....Continue →


Turtle Beach Restructures HyperSound, Seeks Buyer

San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business. Turtle Beach said it has taken actions to "significantly reduce" its operating expenses of that business....Continue →



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