TECHNOLOGY

Recent and archived news stories on: aerospace, alternative energy, automotive, nanotech, robotics, software providers, telecom, tech start-ups, social media companies

TikTok Opens Culver City Office

Social media company TikTok has opened an office in Culver City's Hayden Tract business park.

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Scopely Acquires FoxNext Games

Scopely Inc. acquired Playa Vista-based game developer FoxNext Games from the Walt Disney Co.

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Hollywood Software Firms Merge

Entertainment Partners acquires SyncOnSet

Burbank-based Entertainment Partners has acquired Culver City-based software developer SyncOnSet Technologies Inc.

Riot Games Settlement Is Challenged by State

Offer in sex discrimination suit is called inadequate

Five months after announcing a negotiated settlement in a sex discrimination and pay inequity lawsuit, Riot Games Inc. could be headed back to court.

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Warner Bros. Signs Cinelytic

Deal brings firm’s AI software to film studio

Warner Bros. Pictures International is betting that artificial intelligence can help manage its expansive catalog.

March Capital Partners Leads Action IQ Series C

Santa Monica-based venture investors March Capital Partners led a $32 million funding round for data startup ActionIQ.

SpinLaunch Raises $35 Million

Small satellite launch firm SpinLaunch Inc. has raised a $35 million equity round.

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Activision Answers ‘Call’

Company retools esports league, seeks revenue

After shutting down an existing esports league, Activision Blizzard Inc. is betting big on a new league that will begin its inaugural season Jan 24.

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LA Companies Turn Heads at CES

Quibi streaming slate, Ring gear and Hyundai flying cars generate buzz

From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show.

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MedMen Sells More Assets

Retailer ramps up efforts to raise $74 million

Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses.

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Tencent Buys Stake in Universal Music Group

China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital.

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EA Taps Zampella to Lead DICE Los Angeles

Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE.

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Snap Acquires AI Factory for $166 Million

Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's director of engineering.

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PE Firm LS Power Group Buys EVgo

Maker of electric vehicle charging stations says deal will boost growth

Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services.

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Tech: SpaceX enters launch mode while telecoms look to dial up 5G

Home of L.A.’s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020.

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