Otter Media buys remainder of its digital businesses Fullscreen and Ellation; no one is going to win the Google Lunar X prize competition; and China’s JD.com aims for logistics facility in Los Angeles.
Otter Media, the joint venture of AT&T and The Chernin Group, has assumed full ownership of two of its digital media properties, Fullscreen and Ellation, according to The Hollywood Reporter. The company, a joint venture of AT&T and The Chernin Group, purchased a majority stake in Fullscreen in 2014.
No one is going to win the X Prize Foundation’s competition to send a spacecraft to the Moon, the foundation announced, according to The Verge. Only five finalists remained in the Google-sponsored Lunar X Prize competition, and in order to win any grand prize money, the teams had to launch and complete their missions to the Moon before March 31st, 2018. But with only two months until the deadline, no team is ready to launch, so Google will keep the prize money instead.
JD.com Inc. is preparing to make its U.S. debut with a beachhead in Los Angeles, seeking to best arch-rival Alibaba and challenge Amazon.com Inc. on its home turf, Bloomberg reports. JD is eyeing the largest city on the U.S. West Coast for a logistics center because of its enormous Chinese diaspora.
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
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