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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. The spinout of TikTok’s U.S. That said, the U.S.

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Wondery Looks For Buyer, Says Reports

socalTECH

Los Angeles-based podcasting network Wondery appears to be attempting to sell itself for between $300M to $400M, according to multiple reports. It's unclear how far along those talks are--Bloomberg said its sources said "negotiations are ongoing" with companies such as Apple and Sony. READ MORE>>.

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. Machinima had been acquired by Warner Bros. READ MORE>>.

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Sony Pictures Corporate Network Shut Down By Hacker

socalTECH

Operations over at Culver City-based Sony Pictures have apparently been completely shut down by a hacker, who apparently hacked into and disabled the company''s corporate network. According to reports, a hacker is apparently holding the company''s data hostage, giving the company a deadline of 11pm tonight to meet unspecified demands.

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Ixia Files Annual Report, Restatements

socalTECH

That triggered a massive round of audits and delays to the company''s earnings reports, and has had the company fending off a delisting on the NASDAQ. ixia restatement network hardware testing finance accounting audit delisting nasdaq' READ MORE>>.

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LA Number Two Tech Employment Area In Nation, Says Report

socalTECH

A new report, published this week by the nonprofit CompTIA group, says that Los Angeles is the number two metropolitan area in the nation for technology employment. According to the CompTIA 2018 CyberStates report, LA had 501,900 technology workers, number two in the nation behind New York City, which has 664,800.

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Ixia Delays Third Quarter Report

socalTECH

In yet more bad news over at Calabasas-based Ixia , the company said late Monday that it is further delaying filing of its 10-Q financial report, for its third quarter of 2013. The company had already delayed the report until yesterday but failed to meet the deadline. READ MORE>>.

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