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Private Equity Firm Set To Sell Hulu Stake, Says Report

socalTECH

A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion. and News Corp. No details on the deal have been announced. Comcast Corp., READ MORE>>.

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Lead Edge Capital Raises Fifth Fund, Worth $950 Million

socalTECH

Santa Barbara- and New York-based Lead Edge Capital , a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The company said the funding came from over 500 existing and new limited partners, and was oversubscribed and closed at its hard cap.

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Fika Ventures raises $76M to fund the growing LA tech ecosystem

TechCrunch LA

The Los Angeles ecosystem is $76 million stronger today as Fika Ventures , a seed-stage venture capital firm, announces its sophomore investment fund. Fika invests roughly half of its capital exclusively in startups headquartered in LA, with a particular fondness for B2B, enterprise and fintech companies.

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Row 44 Gets Investment, Inks Deal With MLB Advanced Media

socalTECH

The two said that Row 44 will use MLBAM's technology to provide live streaming IPTV service for news, entertainment, and on-demand movie and television content. As part of the deal, the two said that MLB Advanced Media will take an equity stake in Row 44. Financial details of the deal and investment were not disclosed.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

The pair made a mix of early- and late-stage investments in Los Angeles-based companies like LegalZoom, Scopely, Art of Sport, The Honest Company, RingDNA, FocusMotion, DyshApp and Represent. Last year, the investment firm expanded with a $1.7 And Scopely’s official Twitter account shared a reaction, as well.

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Reflections on 2016: Alon Goren, Crowd Invest Summit and 805 Startups

socalTECH

Today's contribution is from Alon Goren , the co-founder of Crowd Invest Summit and 805 Startups. What's was biggest news from you or your‏ firm this year? Alon Goren: This year, my partners, Josef Holm (Krowdster), Darren Marble (CrowdfundX) and I started Crowd Invest Summit.

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Apple’s pivot to services has been a mixed bag, and the company is looking to expand the appeal of its Apple News service to a wider swath of free and paid subscribers. This week, the company rolled out a local newsletter in the San Francisco Bay Area, bringing bundled local news curated by the Apple team.

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