Los Angeles Business Journal

LA TECHNOLOGY

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

L.A. Tech Calendar: April 18 - May 1

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

Honest Co. Reportedly Considering Sale

Wary of weakening appetites for initial public offerings, Honest Co. is reportedly considering a sale.

Silicon Beach Launch List: April 15

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

Silicon Beach Deal Flow: April 15

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

Faraday Future Breaks Ground on $1 Billion Factory

Electric car manufacturer Faraday Future broke ground on its $1 billion factory in North Las Vegas on Wednesday.

ESPN Announces Drone Racing Distribution Deal

Step back, Superman: the next popular racing sport is flying above you. And it doesn’t require a superhero.

Jacobs Engineering Buys Cybersecurity Firm

Jacobs Engineering Group Inc. on Tuesday acquired Van Dyke Technology Group Inc., a 180-person cybersecurity firm catering to government clients, in particular U.S. intelligence agencies. Terms of the deal were not disclosed.

XPrize’s Peter Diamandis Transitions from CEO to Executive Chairman

The founder of Culver City’s XPrize Foundation, Peter Diamandis, has stepped down from his role as chief executive of the nonprofit technology competition.

Demand Media Sells Cracked.com for Nearly $40 Million

Demand Media Inc. of Santa Monica has sold its humor website, Cracked.com, to E.W. Scripps Co. of Cincinnati for $39 million in cash.

L.A. Tech Calendar: April 11 - 24

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

DCDC Satellite Film Distribution Grows

The Digital Cinema Distribution Coalition, which operates a satellite distribution system for film distributors and exhibitors, said its network of theaters topped 2,000 by the end of 2015 – an increase of 40 percent for the calendar year.

Pivot to Profit

INTERNET: EHarmony joins Tinder in matchmaking space for job seekers, employers.

Operators of dating sites eHarmony and Tinder check out match-making services for job hunters and employers.

CrownPeak Raises $50 Million, Merges with ActiveStandards

Content management service CrownPeak of Baldwin Hills has raised a $50 million round and merged with website quality assurance platform ActiveStandards of London.

Verizon Buys Stake in AwesomenessTV

New York’s Verizon Communications Inc. has agreed to purchase a 24.5 percent stake in online media company AwesomenessTV of West Los Angeles for around $160 million.

Judge Rules Case Against TrueCar Can Proceed

A Los Angeles Superior Court judge has ruled that the California New Car Dealers Association’s lawsuit against TrueCar Inc. of Santa Monica will go forward.