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Triller Seeking To Go Public Via SPAC, Says Report

socalTECH

Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. Reuters cited "people familiar with the matter" for the report.

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Grindr sold by Chinese owner after US raised national security concerns

TechCrunch LA

Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based based company, San Vicente Acquisition Partners. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. That ownership was later scrutinized by a U.S.

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Report: Funny Or Die Seeking Buyer

socalTECH

Los Angeles-based comedy website Funny or Die --started by Will Ferrell--is looking for a buyer, according to reports this week from Bloomberg. to help sell the company, according to the report, saying that the website is seeking $100 million to $300 million in the sale of the company. READ MORE>>.

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Los Angeles Accelerator Report Card: Too Early To Tell

socalTECH

There's been a surge in startup accelerator activity in Los Angeles in the last year, as interest in starting a company in the region has grown, and a wide range of experienced entrepreneurs and investors have pitched in to help companies get to the next level. Of that, $97.47 in companies associated with digital studio Science Inc.

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7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

As a business consultant and angel investor, I often ask for your own assessment of marketing ROI , or customer acquisition cost (CAC). Are you making the proper investment, and is it paying off? Here I recommend the use an outside consultant report periodically to avoid internal turf wars.

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Report: RadPad Acquired By LandlordStation

socalTECH

Los Angeles-based apartment rental marketplace RadPad , which was founded by Jonathan Eppers, has been acquired by LandlordStation , according to a report. Financial details of the acquisition were not anounced. Financial details of the acquisition were not anounced. READ MORE>>.

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Report: Hulu Hires Guggenheim Partners To Sell Company

socalTECH

A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.

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