Snap Inc.’s share price soared more than 26 percent to as high as $17.80 a share in after-hours trading Tues., Feb. 6 after the Snapchat developer posted revenue for the quarter ended Dec. 31 that beat stock analysts’ expectations.
Middle-market private equity firm Brentwood Associates in Sawtelle announced on Feb. 6 an investment in Credentials Solutions, a technology company that provides business services to the higher education sector. The amount invested was not disclosed.
Fair raises $50 million and acquires rental car delivery service Skurt; Global Eagle submits overdue SEC filings; and Hulu says Super Bowl live-streaming outage was caused by program-extension glitch.
Science closes $75 million fund; Elon Musk’s Boring Co. sells all its flamethrowers; and Snapchat is selling hats and sweatshirts inside its app.
Joymode raises $14.4 million; SpaceX Falcon 9 rocket survives splash in Atlantic Ocean; and amid satellite TV drop, DirecTV Now streaming service hits 1.2 million subscribers.
Vubiquity to be acquired for $224 million by Amdocs; Santa Monica-based Hawke Media picks up Execute LA of Venice; and Scopely raises $125 million.
Software developer Amdocs announced on Jan. 31 that it entered into an agreement to acquire Burbank video distribution services company Vubiquity for $224 million in cash.
TT Games, makers of the Lego video game franchise published by Warner Brothers Interactive Entertainment in Burbank, has announced the opening of TT Games Brighton, a new UK-based development studio focused on creating new Lego games designed for mobile platforms.
Dog-walking app Wag lands $300 million from SoftBank and appoints new chief executive; Next Trucking raises $21 million in Series B round; and nonprofit fundraising startup Funraise closes $9.7 million round.
Next Trucking Partners, an online marketplace connecting truckers with shippers has raised $21 million in a series B round, the company announced Jan. 30.
On-demand dog-walking app Wag landed a $300 million commitment from the SoftBank Vision Fund and announced former LifeLock executive Hilary Schneider as the company’s new chief executive.
Google to move into Spruce Goose hangar this fall; Elon Musk has sold more than $4 million worth of flamethrowers; and inside Jeffrey Katzenberg’s billion-dollar bet on mobile video
Silicon Beach Report Jan. 26: Otter Media Buys Remainder of Its Digital Businesses Fullscreen, Ellation
Otter Media buys remainder of its digital businesses Fullscreen and Ellation; no one is going to win the Google Lunar X prize competition; and China’s JD.com aims for logistics facility in Los Angeles.
Social media platform Greenfly raises $8.5 million; Songtradr raises $4 million in Series A funding round; and Apple launches patient health records app in Los Angeles.
Greenfly, a developer of a social media engagement program, raised an $8.5 million Series B round led by Alpha Edison.