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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

MediaLab said it has “some ideas” for developing Kik going forwards, including making the app faster and reducing the amount of unwanted messages and spam bots. Buying the Kik messaging platform adds another social media weapon to the arsenal for MediaLab and its chief executive, Michael Heyward.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. Relic Studios goes to Sega Corporation for $26.6M; Volition and Metro: Last Light went to Koch Media GmbH for $22.3M and $3.3M.

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Uber Shuts Down

socalTECH

Uber developed software used to upload, organize, and share content through a free web site; the site also provided photo galleries, slide shows, videos, and blogs. According to the firm's web site, as of September 29, the firm's investors have decided to stop supporting the site, and the company has closed its doors. READ MORE>>

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