Fuse Media Files for Bankruptcy, Hopes to Reduce Debt by $200M
Fuse Media Inc., a privately held television broadcasting company based in Glendale, filed for bankruptcy earlier this week in an effort to reduce its debt by some $200 million.
Port Logistics Group Buys Ecommerce Shipping, Warehouse Service
Port Logistics Group will acquire Oakland-based Whiplash Merchandising Inc., an ecommerce shipping and warehousing service, in a move which will expand PLG’s ecommerce fulfillment capabilities.
Snap Inc. Revenue Beats Expectations, Draws Down Losses
Snap Inc. announced financial results for the first quarter on April 23, reporting $320 million in revenue and beating analyst expectations with 39% revenue growth compared to the first quarter of last year.
Survey: LA Consumer Sentiment Slips to Four-Year Low
Los Angeles consumer confidence fell to a nearly four-year low during the first quarter as local consumers grew increasingly concerned about future job prospects, according to a survey released April 22.
Beyond Meat Sets IPO Pricing, Seeks $1.2 Billion Valuation
El Segundo-based Beyond Meat Inc. set the terms of its initial public offering and released more details about its operations in disclosures filed April 22 with the Securities and Exchange Commission.
Axiomatic Gaming Gains $21 Million
Esports organizer Axiomatic Gaming raised $21 million April 18, according to Securities and Exchange Commission filings.
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