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ZipRecruiter Approaches Unicorn Territory, Reportedly Raises $50M More

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Santa Monica-based online employment marketplace ZipRecruiter has reportedly raised $50M in a Series B funding round, which values the company just shy of $1 billion, according to reports this morning. The investment round--not yet confirmed by ZipRecruiter--was reportedly led by current investor IVP. READ MORE>>.

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Vertical Networks Acquired By Whistle

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Santa Monica-based Vertical Networks , a "mobile-first" content studio which was backed by Snap , has been acquired by New York-based entertainment and sports media company Whistle. Financial terms of the acquisition were not announced. Vertical Networks was founded by Elisabeth Murdoch. READ MORE>>.

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Sensei Ag, Backed By Larry Ellison, Launches AgTech Efforts

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A new, Santa Monica-based startup, Sensi Ag , which was founded by Oracle co-founder Larry Ellison, and Dr. David Agus, founding director of USC's Lawrence J. The new company was split off from Sensei Holdings, the combined leisure and agriculture company run by Ellison on the Hawaiian island of Lana'i.

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Beats' Founders Dr. Dre, Jimmy Iovine In Court Over Headphone Design

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Dre and Jimmy Iovine, the founders of Beats Electronics , the onetime Santa Monica headphone-and-music-service, are in the midst of a lqsuit--and likely, a jury decision--over a lawsuit which claims Dr. Dre and Iovine owes royalties to a businessman work worked with the company back in 2005 and 2006. READ MORE>>.

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Rightside Acquired By Donuts Inc. For $213M

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the domain name spinoff of Santa Monica-based Demand Media, the company announced on Wednesday. According to the companies, the deal was unanimously approved by Rightside Group's board of directors, following a comprehensive review of strategic and financial alternatives. Rightside spun out of Demand Media back in 2014.

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Philz Coffee Looks Beyond California With $45M Funding

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The company said the big investment round was led by TPG Growth. As part of the funding, Jim COulter and Sanjay Banker, both of TPG, join the company's board. The company's first expansion beyond the Bay Area was in Santa Monica in 2014, due to the concentration of high tech startups in the area.

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Activision Blizzard Sees Higher Than Expected Sales In Q1

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Santa Monica-based videogame publisher Activision Blizzard said late Tuesday that it saw better than expected financial results for the first quarter of 2014. The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales. billion in sales. READ MORE>>.