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TokBox Secures $12 Million for Live Group Video Chat

San Francisco - TokBox, a provider of live video chat applications, announced on Monday that it has secured $12 million in its third round of funding,...

Celeno Gets $12 Million for Multimedia Home Network Chips

Ra'anana, Israel - Celeno Communications, a maker of semiconductors for multimedia Wi-Fi home networking applications, announced on Monday that it has raised $12 million in new...

PicPlz Developer Mixed Media Labs Scores $5 Million

San Francisco - Mixed Media Labs, the developer of mobile photo alteration application PicPlz, has raised $5 million in venture capital from Andreessen Horowitz, The New...

Party Planning Service Punchbowl Acquires Rival Socializr

Framingham, Mass. - Punchbowl.com, an online party-planning service, on Friday announced that it has acquired Socializr.com, a similar service created by Friendster founder Jonathan Abrams in...

Viacom Looks to Sell "Guitar Hero" Game Developer Harmonix

New York - Viacom (NYSE:  VIA) plans to sell its Harmonix game development studio, which created the "Guitar Hero" and "Rock Band" music video game franchises,...

ZeniMax Media Aquires European Developer MachineGames

Rockville, Md. - Video game developer and publisher ZeniMax Media, the parent company of Bethesda Softworks, announced on Friday that it has acquired MachineGames, a European...

Newsweek, The Daily Beast Merge; Tina Brown Named Editor

Washington - In a merger of old and new media, Newsweek magazine announced on Thursday that it will merge with New York-based The Daily Beast, an...

Digital Ticketing Firm Veritix Secures $100 Million Credit Line

Cleveland, Ohio - Veritix, a provider of digital ticketing solutions, has secured a five-year, $100 million line of credit from Rockbridge Growth Equity, TicketNews.com reported. The...

Report: Mobile Photo App Instagram Raising VC Funding

San Francisco - Instagram, a developer of mobile photo alteration applications, is raising a first round of funding seeking a valuation of about $20 million, CNET...

Blog Platform Tumblr Raising "Very Big" Round From Sequoia

New York - Tumblr, the operator of a simplified blogging platform, has raised a "very big and competitive" new round of financing led by Sequoia Capital,...