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Report: Flipagram Looking For Buyer

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Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Citing "multiple sources" close to the company, Recode said Flipagram is still discussing financial terms with Toutiao, but no deal has been signed.

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Live.me Raises $50M In Series B From Bytedance

socalTECH

In the second big piece of news in Los Angeles from Chinese company Bytedance , Bytedance said on Friday that it will invest $50M in a Series B funding in Los Angeles-based Live.me , a developer of an online livestreaming service. Bytedance also bought LA's Flipagram earlier this year. READ MORE>>.

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Southern California Companies Raise $1.46B In VC In Q3 2015

socalTECH

Southern California has seen another, big venture capital investment quarter, with companies raising $1.46 According to the report, which was released this evening, there were 97 deals totaling $1.467 billion across the Southern California region, a rise, dollarwise, over Q3 of 2014, when there was $797.0M in 108 deals. in 31 deals.