socalTECH

AUGUST 16, 2016

Los Angeles-based broadcaster and media company Univision has reportedly won the deal for bankrupt online publisher Gawker , and will pay $135M for the company, according to reports on Tuesday afternoon. Gawker had gone up for bankruptcy auction on Tuesday morning, with such Los Angeles companise as J2 Global / Ziff Davis, Univision, and Penske Media all reportedly submitting bids for the Silicon Valley publication.

Media 122

Media Los Angeles Report Content 122

L.A. Business Journal

AUGUST 16, 2016

Chow Now integrated with Google search, Content Check acquires Honest Cooking, Intel to open L.A. virtual reality studio, and more.

Google 136

Google Report Content 136

socalTECH

AUGUST 16, 2016

Venice-based Snapchat is reportedly near a $110M acquisition of mobile search startup Vurb , according to reports. Neither Snapchat nor Vurb have yet confirmed the deal, which apparently has yet to be signed. The original report cited a "person famliar with the deal". READ MORE>>.

Snapchat 116

Snapchat Acquisition Report Venice 116

SoCal Tech Calendar

AUGUST 16, 2016

Monday, August 22, 2016 -- Los Angeles Advertising Professionals. Mix, mingle, and network with other advertising professionals. Find partners, meet new people, and do deals. See https://www.eventbrite.com/e/los-angeles-advertising-professionals-tickets-26470825953.

Los Angeles 100

Los Angeles Advertising Angel Networking 100

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

AUGUST 16, 2016

San Diego-based Sorrento Therapeutics said Monday that its subsidiary, Scintilla Pharmaceuticals , ahs acquired cancer pain pharmaceuticals developer Semnur Pharmaceuticals. Sorrento said it will pay $60M, split between $40M in cash and $20M in stock, with additional cash consideration of up to $140M based on development, product approval, and commercial milestones.

San Diego 116

San Diego Product Develop Development 116

AllTopStartups

AUGUST 16, 2016

Chicago startups are drawing praise for their innovation and success. Entrepreneur contributor Hank Ostholthoff calls Chicago the “new B2B boomtown,” while Inc. says the city is “one of the hottest tech startup… The post Economic Growth: The Rise of Chicago Startups appeared first on AllTopStartups.

Startup 40

Startup Entrepreneur 40

Xconomy

AUGUST 16, 2016

A recent Wall Street Journal article that raised the possibility of Biogen as the target of another huge pharma buyout cited the lack of productivity as a major driver of M&A in the pharmaceutical industry. The authors made the point that, given the size of companies today, a single garden-variety blockbuster hardly moves the needle. The increasing need for new drugs is intense.

Product 55

Product Journal Venture Capital Demand 55

socalTECH

AUGUST 16, 2016

Los Angeles-based mobile movie ticketing service Atom Tickets says it is in a big, national expansion, and has expanded into 70 major metropolitan areas, including New York, Chicago, Philadelphia, Boston, Washington, DC, Cleveland, Indianapolis, and Baltimore. The mobile movie ticketing service, led by Ameesh Paleja, said the expansion comes in partnership with AMC Theatres, Regal Cinemas and Studio Movie Grill.

Mobile 109

Mobile Los Angeles Services Angel 109

socalTECH

AUGUST 16, 2016

The cost and difficulty of deploying fiber for its high speed, Gigabit networking efforts in such cities as Los Angeles has Google Fiber considering a move to wireless, according to a report. The WSJ said on Monday that Google's parent company, Alphabet, is looking to use wireless, instead of wired connections, to connect up such cities as Los Angeles, Chicago, and Dallas, instead of its current approach of installing fiber networks, which it reportedly has found much more expensive and time con

Los Angeles 109

Los Angeles Google Angel Report 109

socalTECH

AUGUST 16, 2016

Santa Barbara-based baswood , a developer of wastewater treatment technology, says it has received a new round of funding. Size of the funding was not announced. The funding came from Inherent Group, and will go towards growth in North America and expansion in the Asia Pacific region, according to the company. Baswood is led by CEO Michael Walker. The company targets the industrial, municipal, and other wastewater treatment markets.

Funding 109

Funding Santa Barbara Marketing Technology 109

socalTECH

AUGUST 16, 2016

Los Angeles-based online restaurant ordering and marketing software developer ChowNow says it has connected its software directly into Google search, allowing users to place their food orders directly from a restaurant's Google Business profile. According to ChowNow, the new integration with Google lets users click a "place an order" button on those profiles, which directs users to a food ordering page powered by ChowNow.

Google 100

Google Startup Software Development Los Angeles 100

socalTECH

AUGUST 16, 2016

A new, Los Angeles startup, inVia Robotics , said today that it has launched a brand new robotics system, specifically aimed at fulfillment and material handling operations of e-commerce providers and warehouses. According to inVia, it has created a system which integrates with warehouse management system and enterprise resource planning systems, and automatically navigates across a warehouse to local, find, and move items.

Commerce 100

Commerce Demand Resource Los Angeles 100