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Mobile Photo-Sharing Service Instagram Lands $7 Million

San Francisco - Instagram, the provider of a mobile photo effects and sharing service, announced on Wednesday that it has raised $7 million in first round...

Verve Wireless Acquires Deconstruct Media

Bethesda, Md. - Verve Wireless, the developer of a mobile ad platform for local media, said on Wednesday it has acquired Deconstruct Media, a mobile ad...

Venture Capital Performance Begins to Improve in Third Quarter

Arlington, Va. - Venture capital performance at the end of the third quarter improved modestly across most time intervals, according to a new report by the...

DISH Network to Pay $1 Billion for Satellite Firm DBSD

Reston, Va. - Satellite TV provider DISH Network (NASD: DISH) said on Tuesday it will pay $1 billion to acquire DBSD North America, a unit of...

Mobile Affiliate Ad Network OfferMobi Secures $1 Million

New York - OfferMobi.com, an affiliate ad network for U.S. mobile campaigns, has raised $1 million in new funding from ARC Angel Fund and some of...

Chango Lands $4.25 Million for Search Retargeting Ads

Toronto - Chango, a provider of online ad targeting based on search history, announced on Tuesday the closing of a $4.25 million second round of venture...

Latin Social Network Quepasa Acquires Brazilian Game Studio

West Palm Beach, Fla. - Quepasa, the operator of an online social network targeting Latinos, announced on Tuesday that it will acquire XtFt Games, parent company...

Website Builder Webs Buys Facebook Page Maker Pagemodo

Silver Spring, Md. - Webs, a website creation service (formerly known as Freewebs), has acquired Pagemodo, a service that helps companies and individuals create Facebook Pages,...

Seesmic Gets $4 Million From Salesforce.com, Softbank

San Francisco - Seesmic, a developer of applications that monitor social networks across mobile devices, announced on Tuesday that it has received a $4 million investment...

Citigroup Takes Over Control of EMI, Slashes Debt

London - Major record label EMI announced on Tuesday that it has been acquired by Citigroup, which in turn announced a recapitalization of the company that...