Category: News Updates
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It’s the End of a Tumultuous Era for Activision—And the Start of a New Day in LA for Microsoft
It is a momentous, defining day for Southern California’s tech industry.After a tumultuous year, Activision Blizzard—the most prominent video game developer and publisher in Southern California, and one of the largest globally—is selling itself to Mic…
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Microsoft’s $68.7 Billion Deal to Acquire Activision Blizzard Will Create a New Gaming Behemoth
Microsoft is aiming to vault itself into the upper echelon of video games with its $68.7 billion deal to acquire Activision Blizzard, the gaming giant behind such franchises as Warcraft Diablo, Overwatch, Call of Duty and Candy Crush.Announced Tuesday…
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Griffin Gaming Partners Backs Mobile Game Developer Spyke
Santa Monica-based venture investment firm Griffin Gaming Partners is the lead investor in Turkish mobile gaming developer Spyke, Spyke said on monday. According to Spyke, it raised $55M in its seed funding round from Griffin Gaming Partners. Griffin i…
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GigXR Gets Strategic Investment For AR/VR CPR Training
Los Angeles-based GigXR, a developer of mixed reality simulation training for the healthcare industry, says it has received a strategic investment and partnership with a subsidiary of Northwest Permanente P.C.. Northwest is a physicial-led multispecial…
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Mustard Gets $3.75M For High Tech Coaching
Los Angeles-based Mustard, which develops technology which uses artificial intelligence and computer vision to evaluate an athlete’s mechanics and to help with coaching, has raised $3.75M in a seed funding, the company said this morning. According to t…
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Microsoft To Acquire Activision Blizzard For $68.7B
Santa Monica-based Activision Blizzard is being acquired by Microsoft in a deal worth $68.7 billion, the two companies announced this morning. According to Microsoft, it will pay $95.00 per share in an all cash transaction to acquire Activision Blizzar…
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Electric Truck Startup Founded by Faraday Future and Canoo Alumni Is Raising $28 Million
Electron Transport, a Los Angeles startup founded by alumni of electric automaker Faraday Future and military technology firm Anduril, is raising a $28 million funding round, per regulatory filings. Dubbed a “stealth electrification startup” by its fo…
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Psomas Buys KPG
Los Angeles-based Psomas, and engineering consulting firm, said this morning that it has acquired Seattle-based KPG. Financial terms of the acquisition were not announced. According to the two, they will now be known as KPG-Psomas. The two provide plan…
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Griffin Gaming Partners Invests $55 Million in Turkish Mobile Gaming Studio Spyke
Griffin Gaming Partners, a Santa Monica-based venture capital firm that has backed gaming industry heavyweights like Discord and Skillz, has led a $55 million seed round for Turkish mobile game developer Spyke.Spyke is helmed by a stable of C-suite ex…
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This Manhattan Beach Fintech Startup Is Crowdfunding Its $1 Million Seed Round
Asenso Finance, a fintech startup trying to make it easier for small businesses to receive loans from community banks and financial institutions, is looking to raise $1 million in a new crowdfunding campaign.Manhattan Beach-based Asenso is using the c…