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Report: Flipagram Looking For Buyer

socalTECH

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. READ MORE>>.

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

socalTECH

The news comes shortly after Bytedance (Beijing Bytedance Technology Co Ltd) also announced it had acquired another Los Angeles, social app developer, Musical.ly, in a deal reported to be worth as much as $1 billion. 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. READ MORE>>.