Los Angeles Business Journal

Activision Draws Cheers for Vivendi Emancipation

Video Games: Santa Monica publisher’s stock rises as buyback nears.

Activision scores hit on Wall Street with its plan to buy back control of the company from parent Vivendi.

Microsoft Opens Playa Vista Office

The company held a grand opening event at the property Thursday morning that included visits from Mayor Eric Garcetti and Councilman Mike Bonin.

Bay Area Firm Acquires Gradient X

The Gradient X team will remain local and Amobee - which is owned by Singapore's SingTel - will open a sales office in town.

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West L.A. Startup Enters Cluttered Storage Market

Clutter houses boxes – which come in only one standard size – at a warehouse in Los Angeles until a customer needs to access a box.

ReachLocal Chief Executive Resigns

Chairman David Carlick will serve as interim CEO while the board searches for a new chief.

Developer Makes Meal Of Downtown

Howard Klein orders up Italian eatery to add to Factory Place complex.

Developer Howard Klein looks to set the table for downtown L.A. inhabitants with a new Italian eatery.

Settlement Reached Halting Alleged Fake Reviews on Edmunds.com

The Santa Monica company announced Thursday that Humankind Design Ltd. has agreed to stop registering accounts and posting reviews on the Edmunds website.

Retention Science Raises $750,000 More

As part of the deal, Kirsten Green, founding partner at Forerunner Ventures, will join the Retention Science board.

Intel Opening Santa Monica Office

An Intel spokesman confirmed with the Business Journal that Intel's L.A. office will be located on Colorado Street in Santa Monica.

Docstoc Acquires Recommendation Site

Docstoc has acquired New York recommendation site BestVendor to further build out its suite of products.

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Retailored

StyleSaint built online community then products

StyleSaint has refashioned the online retail model by creating a community of buyers before creating the products.

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Tastemade Raises $10 Million

The 18-person company plans to use the funding to continue to build out its technology platform and grow its network.

Riot Games Partners With American Express

The New York credit card company announced this week that it has integrated its prepaid debit accounts with the reward system used in Riot Games' popular online title "League of Legends."

StyleSaint Raises Series A for Clothing Collection

The funding will go toward the Venice startup's clothing line, which launched earlier this month.

Entangled Media Raises $3.5 Million

The Santa Monica company announced Monday morning that it has taken its first round of institutional investment.

Boingo Earnings Beat Expectations

This is the second straight quarter that Boingo has exceeded expectations, giving the company a needed boost after suffering last year from the proliferation of free Wi-Fi hot spots.

Demand Media Revenue Grows, Traffic Slows

Santa Monica's Demand Media on Wednesday reported second quarter net income of $1.1 million, up from $100,000 during the same period last year.

J2 Global Reports Revenue Growth

J2's bottom line is starting to reflect the company's attempt to diversify from an e-fax business to a cloud technology and digital media company.

Fullscreen Sued Over Music Royalties

The National Music Publishers' Association, a trade group based in Washington, D.C., brought a copyright infringement claim against Culver City's Fullscreen, alleging that the company's YouTube artists used unlicensed music in their online videos.

Demand Launches EHow Now for Instant Help

The platform is an expansion of Demand's eHow business, which features how-to articles and videos on everything from cooking a turkey to changing a headlight.

Cornerstone Earnings a Near Miss

The Santa Monica company, which develops talent management and human resources software, reported a net loss of $8.7 million (17 cents a share) for the quarter ended June 30.

Ouya Offers Store Credit to Unhappy Backers

Ouya, the Santa Monica company behind the console of the same name, sent an email apology over the weekend to people who crowdfunded the device on Kickstarter or pre-ordered it.

Online Magazine Platform Turns Page on CEO

INTERNET: Matt Edelman to take advisory role as Glossi pursues new chief.

Online magazine platform Glossi shuts the book on Matt Edelman’s term as chief executive.

Maker Studios Launches Geek Channel Polaris

Formerly called Game Station, the network has been re-launched to expand from its video game roots.

Warner Bros. Graduates Media Camp Startups

The demo day was the culmination of the 12-week startup mentorship program.

ZestFinance Raises $20 Million

The company uses data analytics to evaluate when a lender should offer loans to people with low credit.

Matt Edelman Out as CEO of Glossi

Matt Edelman, who spent the last three years transforming struggling fashion website ThisNext into digital publishing startup Glossi, is stepping down as chief executive of the Santa Monica company.

JustFab Sues Fab.com Over Similar Name, Business

JustFab, the El Segundo subscription e-commerce site, has filed a trademark infringement suit against New York online retailer Fab.com.

Report: Venture Capital on Road to Recovery

After a sluggish start to the year, Los Angeles County companies raised $247 million during the second quarter, according to a report from City National Bank.

Vivendi Deal Boosts Activision Stock

The Santa Monica video game publisher announced late Thursday night that it will buy 429 million of Vivendi's shares for $5.8 billion, or $13.60 a share.

Encino Teen Launches Messaging App

Thirteen-year-old Daniel Singer hopes the free app will hook users by offering up clues about the messenger's identity.

Hobbyist Startup Raises $1.6 Million

Panjo said it will use the financing to grow its marketplace and expand its partner network.

Edmunds.com Takes on Texas Firm Over Fake Reviews

Car review and shopping website Edmunds.com Inc. has sued a Texas company for allegedly creating fake accounts to post reviews of car dealers on the Edmunds website.

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Electronics Company Pedals Image

Belkin name hits road with sponsorship of Tour de France team.

Belkin hopes its Tour de France sponsorship puts the router company on the road to a higher profile.

EdgeCast Raises $54 Million

The equity and debt investment, EdgeCast's series D, was led by Greenwich, Conn., private equity firm Performance Equity Management.

PageWoo Launches Mobile Ad Platform

On Wednesday the company rolled out NearWoo, a platform that lets small businesses advertise on mobile phones through location technology.

Tinder Lights Fire for Android Users

Tinder on Tuesday announced that Android users can now find love through the app.

Startup Activity Slows in First Half

The report, which looks at the first six months of the year, found that 94 startups formed during the period.

Hulu Will Not Be Sold

Owners NBCUniversal, 21st Century Fox and Walt Disney Co., have taken the site off the market. Instead, they announced Friday morning they will invest another $750 million the company.

SEC Lifts Ban on General Solicitation

Private companies venture capital funds and hedge funds will soon be able to advertise their fundraising efforts.

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Surf Air Takes Off for Santa Barbara

Surf Air has added flights to and from Santa Barbara.

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UPDATED: L.A. Entertainment Company to Bring Back Classic Video Games

Writers' Group Film Corp. announced Tuesday that it will acquire Amiga Games Inc., which licenses and republishes video games originally created for Commodore PCs.

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Fullscreen Launches Creator Platform

The platform provides content creators and brands with apps that will help them build their audience and monetize their content.

Factual Launches Data Analytics Products

Factual released two products Tuesday to help mobile app developers and publishers better understand the habits of their users.

Internet Ad Network Gets Word Out on Staff Cuts

ONLINE: CityGrid casts hefty layoffs in terms of streamlining operations.

CityGrid Media chops around two-thirds of its staff as it maps out a leaner business model.

UPDATED: BeachMint Founders Deny They've Been Fired

BeachMint, the three-year-old Santa Monica e-tailer, is denying a report that it had let go of its two founders and plans to return millions of dollars to investors.

Criterion Free of Bebo, Not Its Litigation

The Beverly Hills financial advisory firm sold the company, which was operating under Chapter 11 of the bankruptcy code, back to Michael Birch, its founder, for about $1 million.

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Medical Scrub Startup Raises $2 Million

FIGS announced Monday afternoon that it has raised $2 million in funding from Santa Monica's Karlin Ventures and others.

CityGrid Confirms Layoffs

According to a statement, the layoffs will "increase operating efficiency, reduce costs and have a meaningful impact on the company’s future profitability."

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True Grit

Tech firms connect with downtown Arts District

Downtown L.A.’s gritty Arts District has clicked as a sister scene to the Westside’s Silicon Beach.