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Report: Scopely Seeking $200M More

socalTECH

Los Angeles-based mobile game developer Scopely is reported to be seeking to raise $200M in a new funding round, which would value the company at around $3 billion, according to a report. The report, from Bloomberg, said the valuation of the company is up from an earlier $1.9 billion valuation as of March.

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President Trump reportedly has approved the Oracle deal for TikTok’s US operations

TechCrunch LA

operations of the wildly popular social media app, TikTok, according to a report from Bloomberg. According to the Bloomberg report Trump said, “I have given the deal my blessing,” as he left the White House for a campaign rally in North Carolina on Saturday. operations are now in Los Angeles.

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Report: No Snapchat Series On Quibi

socalTECH

Los Angeles-based mobile streaming video startup Quibi will not be launching a series about Venice, Californi-based Snapchat , according to a report from Variety. Quibi had said last year at SXSW that it would film a series based on the script "Frat Boy Genius" by Elissa Karasik.

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Quibi Shutting Down, Says Report

socalTECH

Los Angeles-based Quibi is shutting down and has hired a restructuring firm to help it wind down the company, with co-founder Jeffrey Katzenberg confirming to investors on Wednesday that the company will shut down, according to a report from the WSJ. Quibi has raised more than $1.75

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Tinder Raising Big Round, Says Report

socalTECH

Los Angeles-based mobile dating app developer Tinder is in the midst of raising a big round of funding, according to an unconfirmed report today. The report --from TechCrunch--says the deal values Tinder at between $750M and $1 billion. tinder venture capital dating mobile rumor' READ MORE>>.

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Scopely Reportedly Finds $125M, Nears Unicorn Territory

socalTECH

Los Angeles-based mobile game developer Scopely has raised $125M in new funding, which reportedly values the company at around $795M, according to reports today, moving the company closer to unicorn territory. Scopely has not yet announced the funding, and no investor details were released.

Report 113
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Webalo Partners For Mobile Analytics For Salesforce

socalTECH

Los Angeles-based Webalo , which develops software which allows enterprise customers to make their data available on mobile phones, said today that it has partnered with AppExtremes , which makes document creation and reporting products for Salesforce. AppExtremes software is used for reporting on Salesforce data.

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