Los Angeles Business Journal

LA TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Silicon Beach Launch List: May 13

A weekly roundup of L.A. tech company and product launches.

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Cross Culture Ventures Closes $10.5 Million Fund

Troy Carter’s Cross Culture Ventures has raised a $10.5 million fund, according to a filing with the Securities and Exchange Commission.

Silicon Beach Deal Flow: May 13

A weekly roundup of must-read L.A. tech investments and acquisitions.

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Activision to Broadcast E-sports on Facebook Live

As part of its bid to become the ESPN of e-sports, Activision Blizzard Inc. announced Thursday that it would broadcast e-sports tournaments on Facebook Live.

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Hyperloop Technologies Raises $80 Million, Runs First Test in Las Vegas

Hyperloop Technologies Inc. has closed an $80 million Series B funding round and secured development partnerships with several large engineering firms.

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Global Eagle Buys Satellite Communications Firm for $550M

Global Eagle Entertainment Inc., an in-flight Wi-Fi and entertainment provider, announced Monday it had reached an agreement to acquire satellite communications firm Emerging Markets Communications for $550 million in cash and stock.

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Online Consignment Shop Tradesy Raises $30 Million

Online consignment shop Tradesy of Santa Monica announced on Monday it received a $30 million Series C round.

Latin Everywhere Sells Stake to Revolution Studios

Revolution Studios of Santa Monica has acquired a stake in Latino digital-content network Latin Everywhere. Terms of the deal were not disclosed, but Latin Everywhere said the deal was worth seven figures.

L.A. Tech Calendar: May 9 - 23

Roundup of L.A. tech events in the next two weeks.

Silicon Beach Deal Flow: May 6

A weekly roundup of must-read L.A. tech investments and acquisitions.

Silicon Beach Launch List: May 6

A weekly roundup of L.A. tech company and product launches.

J2 Global Beats Quarterly Expectations

Internet services and media company J2 Global Inc. posted first quarter earnings per share of 61 cents a share, beating analysts’ expectations of 53 cents a share. The per-share mark was 36 percent higher than the year-ago period and came on revenue of $201 million for the quarter ended March 31.

Activision’s Quarterly Revenue Beats Estimates

Activision Blizzard Inc.’s non-adjusted revenue grew by 29 percent in the quarter ended March 31 to $908 million.

Tinder’s Paid Subscribers Top 1 Million

More than 1 million Tinder users pay for the app’s premium features each month – up from an average of 332,000 in the first nine months of last year, parent company Match Group announced Tuesday.

SolarReserve Signs Deal for Solar Plants in China

Santa Monica’s SolarReserve has signed a memorandum of understanding with Shenhua Group Corp. of Beijing to build solar thermal plants in China that generate up 1,000 megawatts of power. The deal is reportedly worth $2.31 billion.