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Magnite Acquires SpotX For $1.17 Billion

socalTECH

Los angeles-based sell-side advertising platform operator Magnite announced this morning that it has agreed to acquire SpotX, a video advertising platform provider, in a deal worth $1.17 billion in cash and stock. Magnite is acquiring SpotX from RTL Group. Magnite is led by President and CEO Michael Barrett.

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EA Mobile Targets Amazon's Kindle

socalTECH

Los Angeles-based EA Mobile , the mobile game publishing arm of Electronic Arts, has set its sights on a new platform for its mobile games: Amazon's Kindle. EA Mobile came out of EA's acquisition of Los Angeles based Jamdat in 2005. Tags: electronic arts mobile kindle jamdat. READ MORE>>.

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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

“In a global mobile games market that is consolidating, Jam City could not be more proud to be working with JPMorgan, Bank of America Merrill Lynch, Silicon Valley Bank, SunTrust Bank and CIT Group to strategically support the financing of our acquisition and growth plans,” said Chris DeWolfe, co-founder and CEO of Jam City.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

Indeed, part of the reason for the financing is to accelerate the pace of its acquisitions and investments into new game development studios, according to chief executive, Walter Driver. “Our technology platform is about optimizing free digital experiences for the largest amount of players possible,” Driver says.

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