LA BUSINESS JOURNAL DAILY NEWS
DeviantArt sold for $36 million, AirMap raises $26 million in round led by Microsoft Ventures, and Disney laysoff 80 Maker Studio employees.
Israeli web development company Wix announced Thursday the purchase the of popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.
Gov. Jerry Brown on Thursday formally announced his opposition to Measure S, the anti-development initiative on the March 7 Los Angeles city ballot.
The city of Los Angeles is planning to donate rent-free space to the recently launched Clean Energy Smart Manufacturing Innovation Institute.
Latham & Watkins announced Wednesday that it had poached a pair of high-profile litigators for its downtown and Century City offices.
Tronc Inc., the parent company of the Los Angeles Times and Chicago Tribune, reported a profit of roughly $6.5 million (19 cents a share) in 2016 compared to a loss of $2.8 million (-11 cents a share) the year before.
The Los Angeles Economic Development Corp. announced Wednesday it has raised more than $1 million from major employers, universities, and civic organizations to fund a new initiative to bring more high-paying jobs to the county.
L.A. County’s unemployment rate is expected to hover around 5 percent this year and next year as the job growth rate slows, according to a forecast issued Wednesday by the Los Angeles County Economic Development Corp.
Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.
Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before.
Downtown law firm Quinn Emanuel Urquhart & Sullivan sued former client and billionaire entrepreneur Darwin Deason Tuesday claiming the influential Republican political donor has failed to pay them $1 million in fees.
Earvin “Magic” Johnson has been named president of basketball operations for the Los Angeles Lakers, according to a Tuesday announcement from the team’s president and co-owner, Jeanie Buss.
Developer and investment management firm CityView has sold the Wilmington apartment complex it built last year to the Redfern Family Trust for $75 million, according to public records.
Lovell Minnick Partners announced Monday it took a “significant” but undisclosed stake in Spanish investment firm Trea Asset Management.
Goldman Sachs predicts $2 billion in revenue for Snap Inc. in 2018, Breitbart editor Milo Yiannopoulos resigns after controversial statements surface, Disney demonstrates wireless charging technology, and more.
Developer and asset management firm CIM Group is set to land an investment of roughly half a billion dollars from a Japanese corporation.
WhatsApp updates with Snapchat-like vanishing content, SpaceX lands its latest Falcon 9 rocket booster, media buying on Snapchat confuses advertisers, and more.
The L.A. metro area has topped a list of the world’s most gridlocked cities, according to a report issued late Sunday.
The resignation of DineEquity Inc.’s chief executive amid declining sales Friday caused the restaurant company’s stock to fall 9.6 percent in a single day, closing at $60.14.
Paramount Pictures Chairman and Chief Executive Brad Grey is apparently on his way out after 12 years at the helm of the financially troubled studio.