Fuse Media Inc., a privately held television broadcasting company based in Glendale, filed for bankruptcy earlier this week in an effort to reduce its debt by some $200 million.
FINANCE: LA a hotbed for SPACs, deal-makers
L.A.’s flurry of blank-check offerings continues into 2019.
NY firm acquires Data Blue, which provides cloud and computer services
Platinum Equity, Gores Group sell information technology company.
Koreatown’s CBB Bancorp Inc., parent of Commonwealth Business Bank, entered into a new employment contract with Joanne Kim, who has served as president and chief executive officer over the past eight years.
Beverly Hills-based private equity firms Platinum Equity and the Gores Group agreed to sell Data Blue, an Atlanta-based provider of information technology services, to Court Square Capital Partners.
Disney family’s Shamrock Holdings provided seed money for early investments
Integrated Capital raises funds from Disney family’s investment vehicle.
FINANCE: Bank leads on equity return, data shows
Preferred Bank takes road less traveled.
Commerce-based ManifestSeven, formerly known as MJIC Inc., a cannabis logistics company building a network of distribution hubs in California, has agreed to merge with a unit of P&P Ventures Inc.
Koreatown-based Hanmi Financial Corp., parent of Hanmi Bank, announced the retirement of Joseph Rho, its chairman of the board of directors, effective when his term expires at the annual meeting of stockholders in May 2019.
Santa Monica-based B. Riley FBR has formed a “blank check company,” to be called B. Riley Principal Merger Corp., scheduled to begin trading April 8.