Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.
Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before, reports the Business Journal. The Marina del Rey satellite communications company also announced that it expects its full year 2016 revenue to be at or near the low end of its prior guidance range of $530 million to $538 million and that it would need additional time to file its annual report with the Securities and Exchange Commission, according to a press release.
Brian Robbins, the founder and chief executive of teenager-focused video network AwesomenessTV, is leaving the company, reports Recode. In a memo to his staff, Robbins said Brett Bouttier, Robbins’ lieutenant, will stay on and run the media company.
Microfinance startup Tala raised a $30 million Series B round, reports Forbes. The startup operates in Kenya, Tanzania, and the Philippines, but will expand further into South Asia and Latin America.
Maple Media raised $30 million from private equity investors to acquire and operate mobile apps and games, reports Venture Beat. The company aims to make acquired properties more profitable and use the app’s combined scale to better advertise to users.
Skurt, a smartphone-based car rental startup, has raised $10 million Series A round, reports TechCrunch. The round was led by Upfront Ventures and included investments from BMW, Cross Culture Ventures, Expansion VC, Greycroft Ventures, and Magic Johnson.
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