Mon.Feb 04, 2019

Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech

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Tesla Motors , the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies , in a deal worth approximately $218M, the companies announced on Monday. ACcording to the two, the merger agreement calls for Tesla to pay $4.75 per share for all of the outstanding stock of Maxwell Technologies. Maxwell is publicly traded on the Nasdaq as MXWL.

Cancer Cures and the Importance of Communicating Responsibly

Xconomy

Last week, it was reported by multiple media outlets (see here , and here , and here ) that a group of Israeli scientists had found “a cure for all cancer” and that it could be ready within a year. As a long-time life sciences industry executive my knee-jerk reaction was not “finally!”

MomentFeed Names SVP Engineering

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Santa Monica-based MomentFeed , the developer of software that helps multi-location brands manage the mobile experience for their customers, has named Avik Dey as its new Senior Vice President of Engineering, the company said this morning. Dey was most recently Executive Vice President, Technology at Marin Software, and also served as Worldwide Director, Big Data Product/Apache Engineering at Intel Corporation, in addition to serving at Yahoo! and eBay. READ MORE>>.

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Privacy Watch: Facebook Rebounds, But Privacy Concerns Accelerate

Xconomy

After Facebook posted a record profit of almost $7 billion in the fourth quarter on nearly $17 billion in revenue last week, an early investor, former advisor to CEO Mark Zuckerberg, and current shareholder said he’s making it a mission to “fix’’ the 15-year-old tech giant. Roger McNamee, in a podcast interview with The New York Times , says the company is a dangerous, predatory instrument that uses the fun and convenience of its app to get users addicted.

CBRE Group Buys Data Center Technology Provider Romonet

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Los Angeles-based commercial real estate services giant CBRE Group announced this morning that it has acquired UK-based Romonet Limited , a provider of software, technology, and consulting services for the large global data center market. Financial details of the acquisition were not announced. According to CBRE Group, Romonet's team of professonals will join CBRE as part of the acquisition. Romonet was foundee in 2008, and was founded by Zahl Limbuwala and Liam Newcombe.

Xconomy Awards San Diego Nominations Deadline Extended to Feb. 7

Xconomy

It’s not too late to submit your nominations for the first-ever Xconomy Awards San Diego. We are extending the deadline for nominations to 5 p.m. PST on Thursday, Feb. This week is your last chance to nominate in categories including Digital Trailblazer, CEO, and Secret Weapon. Here is the full category list. This is your chance to tell our judges about the people, companies, and organizations that make the life science, healthtech, and medical device communities in San Diego so innovative.

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Maxwell, Struggling Battery-Technology Maker, to Sell to Tesla

Xconomy

Battery-technology business Maxwell Technologies has agreed to be acquired by Silicon Valley electric car company Tesla (NASDAQ: TSLA ) in an all-stock deal valued at about $218 million, the San Diego-based company announced Monday. Maxwell (NASDAQ: MXWL ) said Palo Alto, CA-based Tesla would buy its shares at $4.75 apiece, a 55 percent premium over its stock price as of market close Feb.

Techstars Music Names New Class Of Startups In LA

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Techstars Music Accelerator , one of the startup accelerators that Techstars operates in Los Angeles, has named the latest startups to become part of its program, saying that it has selected nine startups for the latest program, which runs from February 4th through May 2nd.

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SpaceX Test Fires New Raptor Engines

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Hawthorne-based SpaceX has test fired its new Raptor engines, the new engines which are being developed for the next SpaceX launch vehicle. The Raptor engine is a liquid-fueled rocket engine which uses methane and liquid oxygen, and are expected to have about twice the power of the current Merlin 1D engines used in the SpaceX Falcon 9. pic.twitter.com/ChEGbjTGKZ — Elon Musk (@elonmusk) February 4, 2019. READ MORE>>. spacex raptor engine spaceflight aerospace elon musk

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