Tue.Jan 18, 2022

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Psomas Buys KPG

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Los Angeles-based Psomas, and engineering consulting firm, said this morning that it has acquired Seattle-based KPG. Financial terms of the acquisition were not announced. According to the two, they will now be known as KPG-Psomas. The two provide planning, design, and construction services.

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Microsoft To Acquire Activision Blizzard For $68.7B

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Santa Monica-based Activision Blizzard is being acquired by Microsoft in a deal worth $68.7 billion, the two companies announced this morning. According to Microsoft, it will pay $95.00 per share in an all cash transaction to acquire Activision Blizzard. Microsoft said the deal will make it the third-largest gaming company by revenue, behind Tencent and Sony.

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Mustard Gets $3.75M For High Tech Coaching

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Los Angeles-based Mustard, which develops technology which uses artificial intelligence and computer vision to evaluate an athlete's mechanics and to help with coaching, has raised $3.75M in a seed funding, the company said this morning. According to the company, the funding led by the Lake Nona Sports & Health Tech Fund (a partnership between leAD Sports & Health Tech Partners and Tavistock Group) and also included Mark Cuban, OneTeam Partners, Ronnie Lott, Justin Rose, the Major League Soccer

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GigXR Gets Strategic Investment For AR/VR CPR Training

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Los Angeles-based GigXR, a developer of mixed reality simulation training for the healthcare industry, says it has received a strategic investment and partnership with a subsidiary of Northwest Permanente P.C. Northwest is a physicial-led multispecialty group practice. Financial details of the investment were not announced. According to GigXR, the effort will focus on developing mixed reality teaching and training simulations for both healthcare professionals and introductory learners starting w

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Griffin Gaming Partners Backs Mobile Game Developer Spyke

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Santa Monica-based venture investment firm Griffin Gaming Partners is the lead investor in Turkish mobile gaming developer Spyke, Spyke said on monday. According to Spyke, it raised $55M in its seed funding round from Griffin Gaming Partners. Griffin is led by Peter Levin, Phil Sanderson and Nick Tuosto. Spyke's team comes from Peak Games, Zynga and Riot Games.