NBA legend Earvin “Magic” Johnson, together with Los Angeles Dodgers controlling owner Mark Walter, have become the new owners of women’s basketball team LA Sparks.
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Ronny Conway closes early-stage fund of $51M targeted at startups
Ronny Conway closed his early-stage fund targeted at relieving the Series A crunch for startups. The size of the fund was $51 million, TechCrunch reported citing a filing with the Securities and Exchange Commission.
HasOffers CEO tells Facebook they deserve another chance
Peter Hamilton, the Chief Executive Officer of HasOffers, has told Facebook that they deserve a second chance after they were removed as a partner for not adhering to the social media firm's data collection and sharing rules, VentureBeat reported.
Venture capitalist Marc Andreessen says tech is far from bubble territory
Marc Andreessen, venture capitalist and founder of Netscape, is optimistic that tech is already recovering from the 2008 financial crisis and that it has decades of growth ahead, TechCrunch reported.
Mt. Gox creator Jed McCaleb dabbling in mysterious Bitcoin project : report
After selling Mt. Gox to French entrepreneurs in 2011, the Bitcoin exchange's original creator Jed McCaleb is already working on another Bitcoin-related project.
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Former LA Galaxy soccer star David Beckham reportedly sought help from Qatar Sports Investment (QSI) in funding his new Major League Soccer (MLS) franchise to be established in Miami, Florida.
Andrew Bocking, the Executive Vice President of BBM, exited Ontario, Canada-based smartphone and enterprise software maker BlackBerry, with the said division to be folded into Global Enterprise Solutions under the leadership of John Sims.
Tim Armstrong, the chief executive of mass media company AOL Inc., on Saturday issued a memo informing employees that his company would revert to its previous employee retirement benefit plan after drawing outrage from employees. Armstrong also apologized for an unpopular remark he made in an attempt to explain the change in policy.
Facebook's Mark Zuckerberg and his wife Priscilla Chan were the most generous American philanthropists in 2013 according to the Chronicle of Philanthropy, the Associated Press reported.
Leland Lim, a former partner at Goldman Sachs Group Inc, is planning to form his own hedge fund, according to sources with knowledge of the situation interviewed by Bloomberg.
Proxy advisory firm ISS Inc has urged shareholders not to support the share buyback proposed by Carl Icahn to return more cash to its shareholders, Reuters reported.
Venture capital firm Social+Capital Partnership has appointed its former Entrepreneur in Residence or EIR Ray Ko to serve as its first Growth Partner, TechCrunch reported.
Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday.
Rengan Rajaratnam, the younger brother of Galleon Group Founder Raj Rajaratnam, has asked the US District Court in New York to dismiss charges of insider trading filed against him last year, Reuters reported.
