Activision Blizzard will pay $5.9B for Candy Crush maker King Digital
The LA gaming giant responsible for the Call of Duty and World of Warcraft franchises has decided to extend their reach to mobile gaming with the purchases of Dublin-based King Digital. The $5.9 billion transaction is comprised of $3.6 billion in cash and a $2.3 billion loan. The transaction will be official in Spring 2016. [Activision Blizzard to Buy Candy Crush Maker King Digital: SoCal Tech]
AssetAvenue names new CEO
AssetAvenue, the Westwood-based online lender for real estate investment properties, announced today that Varun Pathria has been named the company's new CEO by its Board of Directors. Pathria served as Senior Vice President at Colony Capital for 11 years prior to joining AssetAvenue as Chief Investment Officer in April 2015. Former CEO David Manshoory will transition to the role of President. [Varun Pathria Promoted to CEO of AssetAvenue: Business Wire]
App-maker Mobile Roadie bought by Intellectsoft
Beverly Hills-based Mobile Roadie was acquired by its competitor Intellectsoft of Palo Alto for an undisclosed amount. The app is a SaaS mobile marketing tool that allows people to manage their own branded apps. Their apps have been downloaded more than 60 million times and have been used by Taylor Swift and the Dallas Mavericks. [App Maker Mobile Roadie Bought by Competitor Intellectsoft: LA Business Journal]
Intel announces funding of FreedomPop
FreedomPop, the West LA-based wireless internet provider, announced an undisclosed amount of funding from Intel this week. The company had already raised $40 million this year after two mid-summer funding rounds. The announcement comes a week after Intel led a funding round for another LA startup, Two Bit Circus. [FreedomPop Gets Funding From Intel Capital: SoCal Tech]
Appetize announces new deal with the Sacramento Kings
The enterprise point of sale solution, which is already featured in over 300 sports and entertainment venues, will be fully integrated into the Kings future home, the Golden 1 Center. Kings fans will be able to order concessions from their seat and utilize the team's loyalty platform through scanned promotions. [Appetize links up with the Kings, triples employee count: Built In]
WageSpot launches in LA, showcases neighbors salaries
Launched on October 6, WageSpot allows users to view local salaries throughout Los Angeles. With more than 30,000 downloads already, the company views itself as a Zillow for salaries, allowing users to look at trends, areas, occupations, and even the discrepancy between male and female salaries. [Know your worth: WageSpot launches in LA to showcase local salaries: Built In]
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