LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Report July 12: Activision Blizzard Inc. Launches Pro League for Overwatch

Activision Blizzard Inc. launches pro league for Overwatch, Fifth Wall Ventures powers up accelerator program, Hyperloop One completes full system test in Nevada and interior design app Hutch raises $10 million.

Fifth Wall Ventures Powers Up Accelerator Program

Fifth Wall Ventures plans to launch an accelerator program aimed at companies valued under $20 million in the real estate tech space, the firm announced Wednesday.

Netflix Leases More Space at Sunset Bronson Studios

Hudson Pacific Properties Inc. has signed an agreement with Netflix to occupy more soundstage, office and support space at Hollywood’s Sunset Bronson Studios, the Los Angeles real estate company announced on Wednesday.

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E-Sports Company aXiomatic Joins Disney Accelerator

Walt Disney Co. announced Tuesday that e-sports company aXiomatic was one of 11 companies chosen to participate in the 2017 Disney Accelerator program.

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Silicon Beach Report July 11: Snap Inc. Shares Tumble After Underwriter Downgrades Stock

Snap Inc. shares tumble after underwriter downgrades stock, UberMedia acquires Cintric for an undisclosed amount, and Disney starts new accelerator class.

Snap Inc. Shares Tumble After Underwriter Downgrades Stock

Snap Inc., the Venice developer of the Snapchat app, took a pummeling on the stock market on Tuesday, falling nearly 9 percent to close at $15.47 a share.

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IOC Votes to Award 2024 and 2028 Summer Olympic Games Simultaneously; Paris and Los Angeles Set to Host

The International Olympic Committee on Tuesday voted unanimously to award the 2024 and 2028 Summer Olympic Games simultaneously, with Paris and Los Angeles as the hosts.

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Soon-Shiong Set to Open El Segundo Cancer Clinic on July 11

Billionaire biotech magnate Patrick Soon-Shiong is set to open an oncology clinic in El Segundo on July 11 as part of a push into the health care provider space.

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Prominent L.A. Developer David Wilstein Dead at 89

Prominent L.A. commercial real estate developer David Wilstein, founder of Realtech Construction Co., died Sunday at age 89, executives at the company announced Monday.

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Silicon Beach Report July 10: Asian Goods E-Tailer Yamibuy Raises $10 Million

Asian goods e-tailer Yamibuy raises $10 million, Snap Inc. slips below IPO price, and Faraday Future scales back Las Vegas factory plans amid cash crunch.

Asian Goods E-Tailer Yamibuy Raises $10 Million

Asian goods e-tailer Yamibuy has raised a $10 million Series A round led by GGV Capital of Beijing, according to a Monday press release.

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Silicon Beach Report July 7: Clearlake Capital Sells Software Firms to Centerbridge Partners for $1.26 Billion

Clearlake Capital sells software firms to Centerbridge Partners for $1.26 billion, SpaceX and ULA asked to bid on five launches by U.S. Air Force, and VP Pence is bullish on SpaceX.

Movers for Week Ending July 7, 2017

Differential Brands Group Inc. was this week’s biggest mover, gaining 5.26 percent to end at $2.00. Software company Simulations Plus was also among this week’s biggest movers. The simulation software company rose 4.86 percent to end at $12.95. Sherman Oaks-based apparel and footwear company Cherokee Inc. was this week’s biggest loser, dropping 28.78 percent to end at $4.95.

California’s Imports Surge as Exports See Slight Growth

California exporters saw a modest gain in May according to the latest U.S. Census Bureau data.

Clearlake Capital Sells Software Firms to Centerbridge Partners for $1.26 Billion

Santa Monica’s Clearlake Capital Group has combined two of its portfolio companies – Syncsort Inc. and Vision Solutions Inc. – and sold the combined entity to New York’s Centerbridge Partners for $1.26 billion.

Silicon Beach Report July 6: Snap Inc. and Competitors Bidding for World Cup Video Rights From Fox

Snap Inc. and competitors bidding for World Cup video rights from Fox, Miso Robotics raises $3.1 million, and SpaceX launches 10th rocket this year.

$3 Million Grant to Fund Training for Laid Off American Apparel Workers

Around 600 former American Apparel workers who were laid off this year will receive new job skills training thanks to a $3 million California Employment Development Department award announced Thursday.

Paul Matt, Co-Founder of Matt Construction, Dies at Age 85

Paul Matt, the co-founder and chairman of downtown-based Matt Construction that built major L.A. projects including the Broad museum and Waldorf-Astoria Hotel, died on Friday. He was 85.

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Visual Effects Company Digital Domain to Expand to Beijing

Playa Vista visual effects company Digital Domain plans to expand its footprint in China with a new studio in Beijing. The firm also has offices in Shanghai and Hong Kong, as well as in Vancouver, British Columbia; Portland, Ore.; New York and London.

Sienna Biopharmaceuticals Inc. Files for $74.8 Million IPO

Westlake Village’s Sienna Biopharmaceuticals Inc. filed for a $74.8 million initial public offering on Monday, according to a filing with the Securities and Exchange Commission.