Head of Sony Entertainment, Michael Lynton, steps down to become Snap chairman, Rubicon shares soar after rumor of a sale, RadPad acquired after rough 2016, and more.
The chief executive of Sony Entertainment, Michael Lynton, is leaving the company to become chairman of Snap Inc., reports the New York Times. Lynton was an early investor in Snap and is also a board member of the company.
Ad-tech firm Rubicon Project’s shares rose 12.3 percent today after report from The Wall Street Journal that the company was considering a sale, reports Ad Age. The news comes about month after the company announced the lay off 125 employees, or about 19 percent of its workforce.
Apartment listing service RadPad Inc. of Venice has been purchased by tenant-screening service LandlordStation of Dallas for an undisclosed amount, reports the Business Journal. The development comes after a challenging year for RadPad, which included layoffs and a court battle with San Francisco’s Craigslist Inc.
Virtual reality firm Spaces has raised $6.5 million in funding led by China’s Songcheng Performances Development Co., a theme-park company, with other participating investors including previous investor Comcast Ventures. Songcheng and Spaces previously had a formed a joint venture to build VR attractions at theme parks in China.
Space Exploration Technologies Corp. plans to launch its Falcon 9 rocket on Saturday, the first time since September when its rocket exploded on the Launchpad, reports Ars Technica. Saturday's launch will lift 10 Iridium NEXT satellites to low-Earth orbit.
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