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Snap accelerator names its latest cohort

TechCrunch LA

and international cities like London, Mexico City, Seoul and Vilnius are building professional social networks for black professionals and blue collar workers, fashion labels, educational tools in augmented reality, kids entertainment, and an interactive entertainment production company.

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Sony Online Entertainment Sold To Investment Firm

socalTECH

San Diego-based Sony Online Entertainment , the developer of EverQuest and other massively multiplayer, online games, has been sold to investment management firm Columbus Nova , SOE said this morning. The company specifically said the move will allow it to "embrace the multi-platform world we are living in." READ MORE>>.

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Scopely raises $340 million at a $3.3 billion valuation as gaming grabs investors’ interest

TechCrunch LA

In a move to shore up institutional support in what’s likely to be it’s last fundraising as a private company, the Los Angeles-based mobile gaming behemoth Scopely has raised $340 million in its latest eye-popping round of funding. ” In terms of capitalization, no other mobile gaming studio comes close.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

The latest investment is being used to finance the acquisition of another company in the space — Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos. With the new capital, SpotOn has raised $628 million since its inception.

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

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. Meanwhile, games are quickly becoming the go-to revenue driver for the entertainment industry. That number could reach $81.3

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Disney Accelerator Names First Class

socalTECH

disney startup accelerator walt angeles entertainment consumer funding venture capital techstars' Disney is providing $120,000 in investment capital to startups to help them develop their ideas, and also provide mentoring from Disney executives. READ MORE>>.

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Mission Debuts Managed Services, Cloud Consulting After Merger

socalTECH

The company--led by longtime cloud and hosting services veteran Simon Anderson--offers up managed services and consulting for cloud platforms like Amazon Web Services (AWS) and Microsoft Azure. According to the newly formed company, it completed all three of those mergers earlier in 2018, and now has a customer base of 175 enterprises.

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