Friday, March 25, 2016
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Report: Snapchat Acquires Bitstrips For Around $100M
Los Angeles-based Snapchat has acquired emoji software developer Bitstrips, in a deal worth around $100M in cash and stock, according to a report this morning. Fortune citing multiple sources, says the companies refused to comment on the deal. Bitstrips makes an app called Bitmoji, which lets you create your own, personalized emojis/cartoon avatars, with customized hair, coloring, eyes, and other features, which can be shared and incorporated into different scenes, and even personalized comic st (More info...)

posted on Friday, March 25, 2016(Full story)

Hulu Debuts Virtual Reality App For Samsung Gear
Los Angeles-based streaming television and movie site Hulu said Thursday that it has rolled out a new virtual reality application for Samsung Gear, which gives user access both to its 2D streaming library as well as new, 360 degree video content. Hulu said its entire 2D library is available through the app, as well as 25, virtual reality films. The new VR films come from Baobab Studios, Discovery Communications, Las Vegas, The National Geographic Channel, RYOT, Showtime Networks, SilVR Thread, S (More info...)

posted on Friday, March 25, 2016(Full story)

Ambry Genetics Founder Shifts Out Of CEO Role
Aliso Viejo-based genetic diagnostics software developer Ambry Genetics said Thursday afternoon that its founder and current CEO, Charles Dunlop, will shift to become Chairman and President. The company said that Dr. Aaron Elliott has become CEO of the company. Elliot had been serving as Chief Operating Officer and Chief Scientific Officer at the company. Dunlop, in a statement, said he was resigning because of having stage four prostate cancer, which is in remission. Dunlop said that the stress (More info...)

posted on Friday, March 25, 2016(Full story)

Boingo Wireless Targeted By Activist Investor
Los Angeles-based Boingo Wireless reported on Thursday afternoon that an investment group, Ides Capital Management LP, has nominated two candidates for election to the company's board of directors. Boingo Wireless said that Ides Capital owns 104,927 shares, or approximately 0.3% of the outstanding shares of the company. Boingo said that it was "disappointed" that Ides Capital decided to publicly announce that nomination of directors. Ides Capital is seeking two of Boingo's six board seats. Boing (More info...)

posted on Friday, March 25, 2016(Full story)

LAVA 13th Annual Venture Awards Dinner - March 30th, 2016
LAVA 13th Annual Venture Awards Dinner
Celebrating over 30 years of service to the Los Angeles Entrepreneurial Community

Wednesday, March 30th, 2016

Fairmont Miramar Hotel & Bungalows
101 Wilshire Blvd
Santa Monica, CA 90401
5:30pm – 9pm

Featuring Frank Mottek, KNX1070 Business Hour Host as Master of Ceremonies

2016 Hall of Fame Honoree – Adam Miller, Founder/CEO, Cornerstone OnDemand

Register today!

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