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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

socalTECH

The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.

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Canoo Flees LA To Arkansas

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The publicly listed company hit the public markets in late 2020 via a special purpose acquisition company (SPAC). The company has shown off a number of renderings of potential, high tech vehicles, but does not plan to bring any vehicles to market before Q4 of 2022.

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Red 6 Bolsters Advisors With Former Air Force Assistant Secretary

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Santa Monica-based augmented reality, air combat training technology developer Red 6 said on Thursday that it has added Dr. Will Roper, former Assistant Secretary of the Air Force for Acquisition, Technology and Logistics (AT&L).

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J2 Global Acquires Two Companies

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The company--which is likely the most active acquirer of companies in Southern California's high tech economy--says it acquired FES IQ , a company in the digital media space, and Buffered VPN , a provider of cloud services based in Gibraltar. READ MORE>>.

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Ross Levinsohn Accused Of Sexual Harassment

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Ross Levinsohn , the publisher and CEO of the Los Angeles Times --and longtime, influential veteran of Southern California's high tech industry--is under investigation by the owner of the LA Times, Tronc, after an in-depth examination of Levinsohn's conduct by NPR during his time in the high tech industry. READ MORE>>.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

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In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Awesomeness.TV Among Fastest Exits, Best ROI Ever On Silicon Beach

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The acquisition of Awesomeness.TV The firm was only challenged by the recent acquisition of GoodReads, which has an estimated 100x return. analysis acquisition merger exit goodreads dreamworks hollywood content awesomeness' In an analysis stretching back to all of the exits logged in our data since 1996, Awesomeness.TV

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