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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

socalTECH

Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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Musk Ends Remote Work At Twitter, Demands 40 Plus Hours At Office

socalTECH

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

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With its Greenlots acquisition, Shell is moving from gas stations to charging stations

TechCrunch LA

In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots , a Los Angeles-based developer of electric vehicle charging and energy management technologies. For Shell, the deal adds to a portfolio of electric charging assets including the Dutch-based company, NewMotion.

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Amazon’s Selz Acquisition is Encouraging News for Small Businesses

Tech.Co

Many have seen the acquisition as an attempt to fight back against Shopify's rampant growth during the coronavirus pandemic. The Amazon/Selz Acquisition. However, since Amazon closed the platform in 2015, online shopping has exploded and the coronavirus pandemic has amped-up the demand for essential (and non-essential) online shopping.

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Leaf Group Seeks To Raise $22M For Acquisition, Other Efforts

socalTECH

The company--which trades on the NYSE as LFGR--said the funds would go to working capital and general corporate purposes, plus to acquire or invest in complementary businesses, products and technologies. Leaf Group says it does not have any specific acquisitions in mind. Leaf Group was last known as Demand Media. READ MORE>>.

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Wrench’s on-demand vehicle repair and maintenance service picks up $20 million

TechCrunch LA

Wrench , the Seattle-based on demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing. RepairSmith , which operates a similar service out of Los Angeles and San Francisco, is backed by Daimler to provide much the same on-demand repair services.

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MINDBODY Buys Wellness Technology Startup Lymber

socalTECH

Financial terms of the acquisition were not announced. The technology from Lymber will make it into MINDBODY's software in the second half of the year. MINDBODY said that Lymber's software--which is built on MINDBODY's API--will add a dynamic pricing engine to its platform. Lymber was based in Solana Beach. READ MORE>>.