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Entertainment mogul Byron Allen to acquire Buzzfeed, HuffPost

Ravi Singh3 days ago03 mins

Digital entertainment company BuzzFeed Inc. is selling its majority stake to Los Angeles entertainment mogul Byron Allen for $120 million. BuzzFeed announced the sale late Monday, saying Allen Family Digital had agreed to pay $3 apiece for 40 million shares, representing a 52% stake in the company. Allen will pay $20 million in cash up…

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This long beach startup powers California’s industries using off-grid power

Ravi Singh4 weeks ago04 mins

Many companies in California struggle to get enough electricity to power their growing businesses. One Long Beach startup just raised $26 million for what it says is a quick fix for that problem. There are limits on how much power each company can draw from the public power grid so fast-growing industries can’t just crank…