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Spotify completes $235M acquisition of Reston-based Megaphone
Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, […][...]
Jerry Falwell Jr. drops defamation lawsuit against Liberty University
Jerry Falwell Jr. has dropped his defamation lawsuit against Liberty University, saying in a statement Thursday that he has decided “to take a timeout” from the suit while keeping his options open. Falwell sued his former employer Oct. 28 in Lynchburg Circuit Court, claiming that the university made defamatory statem[...]
Leidos to acquire 1901 Group for $215M
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it will acquire Reston-based information technology services company 1901 Group for $215 million. “We are pleased to welcome 1901 Group’s team of digital transformation experts who share Leidos’ commitment to making the world safer, healthier and more efficient through IT,” Leidos Chairman and CEO Roger […][...]
State announces new secretary of administration
At the end of a press conference about new public restrictions related to the pandemic, Gov. Ralph Northam announced Thursday that Virginia Secretary of Administration Keyanna Conner is leaving for a job in the private sector and will be replaced by Grindly Johnson, the current deputy secretary of administration. The secretary o[...]
Va. Beach packaging manufacturer acquires Utah company
Virginia Beach-based packaging manufacturer Fortis Solutions Group LLC announced Thursday it has acquired Orem, Utah-based Kala Packaging. Financial terms of the transaction were not disclosed. “With its fleet of digital presses and top-tier flexographic printing technology, Maui Chai and the Kala team have established a national presence in the quick-turn labels and flexible packaging markets,” […][...]
PAE lands $98M Air Force contract
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Thursday it has been awarded a $98 million contract from the U.S. Air Forces in Europe and Africa (USAFE-AFAFRICA) to provide electronic warfare operations training and infrastructure maintenance support. Task orders under the contract are projected to be performed in the United […][...]
Governor orders nightly curfew to start Monday
Amid rising COVID-19 rates in the state, Gov. Ralph Northam announced Thursday he is ordering a midnight to 5 a.m. curfew, as well as limiting gatherings to 10 people, starting at 12:01 a.m. Monday. The governor ordered that masks be worn at all times indoors around other people and at workplaces, as well as outdoors […]
eHealth Technologies creating 160 jobs in Scott County
eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]
Va. initial jobless claims nearly doubled last week
The number of initial jobless claims filed last week jumped 93.5% — its highest level since the Aug. 8 filing week, the Virginia Employment Commission reported Thursday. For the week ending Dec. 5, 16,654 Virginians filed initial claims for unemployment, nearly a two-fold increase of 8,048 from the previous week. “While one week doesn’t constitute […]
‘From K to grey’ – Bank of America donates $100K to VCU for tech talent pipeline
Continuing a yearslong partnership with Virginia Commonwealth University, Bank of America has awarded a $100,000 grant to the school’s College of Engineering Foundation to focus on establishing data science talent pipelines. The idea behind the grant is to develop interest in computer science and other STEM programs for “K to grey,” says VCU College of […]
Samaritan House receives $1.25M Bezos-funded grant
Virginia Beach-based Samaritan House has received a $1.25 million grant from the Day 1 Families Fund, which was launched in 2018 by Amazon.com Inc. founder and CEO Jeff Bezos, the organization announced Wednesday. Samaritan House is one of 42 nonprofits across the country (and the only Virginia nonprofit) to receive a grant in the $2 […]
Dominion, Smithfield complete first renewable gas project in Utah
Dominion Energy Inc. and Smithfield Foods Inc., both based in Virginia, completed their first renewable natural gas (RNG) project in southwestern Utah, Smithfield announced Wednesday. In 2018, the Richmond-headquartered utility and Smithfield-based food company partnered in the $500 million Align Renewable Natural Gas joint vent[...]
