Walt Disney merges Maker with competing department, Snap Inc. acquires ad tech firm, Faraday Future attacks journalists on Twitter, and more.
Walt Disney Merges Maker with Competing Department
Walt Disney Co. has swept its subsidiary Maker Studios into a new area within its digital consumer products and interactive media division, reports the Business Journal. The reorganization was done in order to merge competing digital departments within Disney.
Snap Inc. has acquired adverting technology company Flite for an undisclosed amount, according to sources reported by Recode. Flite’s ad products are primarily focused on content creation, such as 360-degree video ads and vertical video ads for smartphones.
Faraday Future Attacks Journalists on Twitter
Beleaguered electric car manufacturer Faraday Future attacked several journalist on Twitter for reporting negative information about the company, reports Jalopnik. The company has reportedly faced a serious cash shortage and a string of executive departures.
Point-of-sale system manufacturer Appetize has raised $20 million in a round led by private equity firm Shamrock Capital Advisors and Oak View Group, reports Sport Techie. Appetize will use the funds to expand its team to more than 150 employees in Los Angeles, New York, and Atlanta by mid-2017.
Send tips on L.A. tech companies and startups to reporter Garrett Reim via [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.
