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Providence Backs Baidu's Hulu-like Video Portal Venture

Shanghai - Baidu (NASD:  BIDU), the top search engine in China, has partnered with Hulu investor Providence Equity Partners to create a similar video portal...

Annual Wikipedia Fundraiser Nets $8 Million

San Francisco - The Wikimedia Foundation announced on Tuesday that its annual fundraiser this year raised just over $8 million, exceeding its goal of $7.5 million,...

News Corp. Sells Off Digital Publishing Group

New York - News Corporation (NYSE: NWS) has sold its Digital Publishing Group (DPG) unit to venture capital firm VantagePoint Venture Partners for an undisclosed amount, PaidContent reported. ...

Best Buy Backs Wireless Chipmaker SiBeam

Sunnyvale, Calif. - SiBeam, a maker of high-speed wireless communication platforms, said on Tuesday that it has landed an unspecified equity investment from consumer electronics retailer Best...

MSNBC.com Buys BreakingNews.com Domain

New York - MSNBC.com, the network and website joint venture between Microsoft and NBC, has purchased the domain BreakingNews.com, PaidContent reported. Last year, the company took over...

The Echo Nest Lands $1.3 Million for Music Recommendations

Somerville, Mass. - The Echo Nest, the provider of a music recommendation and search platform, has raised $1.3 million in new funding from 14 unnamed investors, according...

Stealth Social Gaming Start-up DNA Games Nabs $2 Million

San Francisco - DNA Games, a stealth-mode developer of social games, has raised $2 million in new funding, PaidContent reported, citing a regulatory filing. The company was...

DataSphere Gets $10.8 Million to Build Hyperlocal News Sites

Bellevue, Wash. - DataSphere, a provider of hyperlocal news sites for news companies, has raised $10.8 million in a new round of venture capital financing, led by...

Aggregate Knowledge Raises $9 Million for Recommendations

San Mateo, Calif. - Aggregate Knowledge, a provider of content recommendation services, announced on Wednesday that it has raised $9 million in its third round of financing,...

Report: Mobile Music Firm Melodeo in Acquisition Talks

Seattle - Melodeo, a provider of mobile music delivery technology, , is in acquisition talks with at least two companies "that lost out on the bidding...