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Maker Studios Acquired By Disney For $500M

socalTECH

Culver City-based YouTube network Maker Studios has been acquired by Burbank-based Walt Disney Company , in a deal worth $500M, plus up to $450M in performance earn out. Maker operates a network of YouTube content channels--over 55,000--which gets 5.5 Disney said Maker Studios will remain headquartered in Culver City.

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Purch Raises $135M To Grow Online Publishing Empire

socalTECH

Purch , the online publishing company with offices in Culver City that owns Tom's Guide, TopTenReviews, Laptop, and other online publications, has raised $135M in a Series C funding round. The funding was led by Canso Investment Council, and included both equity and debt. READ MORE>>.

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Fullscreen Buys Viddy

socalTECH

Culver City-based YouTube network Fullscreen said late Wednesday that it has acquired Supernova , the company which was formerly known as Viddy. Supernova had originally raised more than $37M in funding, however, gave back $18.0M of that funding in a recap in May of last year. READ MORE>>.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Venture capitalist and hedge-fund manager Peter Thiel—PayPals co-founder and Facebook s. Venture capitalist and hedge-fund manager Peter Thiel—PayPals co-founder and Facebooks earliest investor—paid $11.5 Wealthy Investors Flock to Puerto Rico. Gramercy Park Condo Goes Into Contract. earliest investor—paid $11.5