Browse the latest news about finance in Southern California from dot.LA.

As major publishers bet big on free-to-play games, Sony Pictures Entertainment is taking a step back with the $1 billion sale of GSN Games to Scopely, one of Los Angeles' most valuable startups.

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Cornerstone OnDemand, the Santa Monica–based learning and talent management software company, is shaking things up. Shareholders approved on Tuesday a $5.2 billion deal to take the company private.

In an all-cash transaction, Clearlake Capital Group (also based in Santa Monica) takes ownership of the company through a combination of equity and debt, buying the outstanding shares at $57.50 per share.

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On this episode of the L.A. Venture podcast, hear Matt McCall discuss his journey into entrepreneurship and wearing life like "a loose sweater."

McCall is well-known to the L.A. venture community as a partner at the Pritzker Group. The company came from a very large family office, which owned The Hyatt, Royal Caribbean and the Marmon group, among others.

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