LA BUSINESS JOURNAL DAILY NEWS

Disney Sells True[X] to Gimbal

Santa Monica advertising and marketing tech company Gimbal acquires True[X], a Walt Disney Co. subsidiary

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Hawke, Wayflyer Team for Financing Unit

Agreement allows Hawke Media to launch Hawke Capital.

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Riot Ventures Files for $75 Million Fund

Venice-based Riot Ventures is officially aiming to raise $75 million for its second fund.

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LA’s Al Fresco Program Gives Restaurants a Boost — But Is It Enough?

The L.A. Al Fresco program offers no-cost permits to local eateries to expand outdoor seating into adjacent areas while indoor dining is shuttered during the pandemic.

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Venture Funds Look to Health

Other more broad-based funds, like downtown-based TenOneTen Ventures, have increased their focus on health care investments.

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Organ Donation Agency OneLegacy Rises to New Challenge

By May, OneLegacy’s organ procurements not only recovered to prepandemic levels, but actually exceeded them.

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LABJ Insider: Hey CFOs, We’re Counting on You

There’s no question that these are challenging times for every member of the business community, but the load might just hang a bit heavier on chief financial officers, the often unsung heroes at almost every company.

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Summer Jobs Data Paints Grim Picture for LA County

Los Angeles County’s jobs recovery slowed over the summer, with the region lagging the state and nation in both unemployment rates and the proportion of jobs regained since the pandemic began.

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Gores Hits Record With $16 Billion Deal

Gores Group, the Beverly Hills-based investment firm founded by billionaire Alec Gores, has announced plans to merge its fifth special purpose acquisition company, or SPAC, with mortgage lender United Shore Financial Services Inc.

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Netflix Signs Biggest Office Lease in LA This Year

Streaming giant Netflix Inc. is continuing to grow its real estate footprint in Los Angeles County, this time to build out an animation studio in Burbank.

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Uncertainty Surrounds TikTok Deal

The fate of TikTok may still be up in the air.

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Luxe Hotel Closes in Beverly Hills

The Covid-19 crisis has claimed the Luxe Rodeo Drive Hotel in Beverly Hills.

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Mega Lion Signs Large Industrial Lease in Santa Fe Springs

Online retailer Mega Lion Inc. has signed a lease for roughly 132,000 square feet at an industrial property in Santa Fe Springs.

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AI Company Beyond Limits Raises $113 Million

Glendale-based artificial intelligence company Beyond Limits Inc. has raised $113 million in a Series C funding round with another roughly $20 million committed.

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Quibi Stays Quiet on Sale Speculation

Host Jimmy Kimmel cracked wise about Quibi, Jeffrey Katzenberg’s troubled mobile-only streaming service, during the Prime Time Emmy Awards on Sept. 20.

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LA’s Thriving Edtech Startups Improve Remote Learning for Schools, Businesses

While the global pandemic has disrupted almost every industry, some businesses are experiencing accelerated growth during the crisis.

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Struck Capital, DiCaprio Team for New Fund

Adam Struck, founder of Santa Monica-based venture firm Struck Capital, has always been bullish on Los Angeles’ startup ecosystem.

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Boosted Raises $87 Million to Acquire Ecommerce Companies

Culver City-based Boosted Ecommerce Inc. has raised $87 million to grow its portfolio of ecommerce businesses.

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Goat Raises $100 Million for Expansion

Culver City-based 1661 Inc., doing business as Goat Group, has raised $100 million in Series E funding from New York hedge fund D1 Capital Partners.

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Digital Solutions Assist Art Galleries

With in-person gallery visits largely halted by the pandemic, the business of art has taken a severe hit.

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