TechCrunch LA

MARCH 6, 2020

Chinese gaming giant Beijing Kunlun has agreed to sell popular gay dating app Grindr for about $608 million, ending a tumultuous four years under Chinese ownership. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based company, San Vicente Acquisition Partners. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million.

Los Angeles 321

Los Angeles Acquisition Software Review Report 321

L.A. Business Journal

MARCH 6, 2020

Culver City-based virtual reality company Talespin announced $15 million in series B funding led by Cornerstone OnDemand Inc., a provider of cloud-based learning software.

Cornerstone OnDemand 147

Cornerstone OnDemand Culver City Content Software 147

socalTECH

MARCH 6, 2020

San Diego-based Cubic Corporation said this week that it has named Min Wei as the company's Senior Vice President and Chief Customer Officer. Cubic, which provides services to the transportation, defense, and training markets, said that Wei will lead a new customer experience function, handling global quality, configuration management, logistics support and customer experience.

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Customer Custom San Diego Training 113

L.A. Business Journal

MARCH 6, 2020

Pasadena-based engineering and consulting firm Tetra Tech Inc. is transforming itself into a technical services firm for federal government agencies.

Pasadena 130

Pasadena Services 130

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

MARCH 6, 2020

Hawthorne-based SpaceX has inked a deal with Houston-based Axiom Space , to deliver private crews to the International Space Station, Axiom said on Thursday. According to Axiom Space, it has signed a contract with SpaceX to transport a professional commander and three private astronauts to and from the International Space Station, as soon as the second half of 2021.

SpaceX 113

SpaceX Hawthorne 113

L.A. Business Journal

MARCH 6, 2020

Speculation is mounting that Century City-based engineering and infrastructure giant AECOM may be acquired by rival WSP Global Inc.

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Century City Acquisition 130

L.A. Business Journal

MARCH 6, 2020

Welcome Technologies, a Brentwood-based software technology company, raised an additional $8 million in institutional funding.

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Brentwood Technology Software Funding 130

Xconomy

MARCH 6, 2020

Last month, Gilead Sciences CEO Daniel O’Day announced plans to introduce 10 “transformative medicines” over the next 10 years. Acquisitions would help meet that ambitious goal, and this week Gilead announced one of them: a nearly $5 billion deal for cancer immunotherapy developer Forty Seven. Forty Seven’s lead CD47-blocking drug—the company is named after the signaling molecule— is being tested in combination with chemotherapy as a treatment for blood cancers, although O̵

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Acquisition Help Develop Development 84