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Social Network hi5 Acquires Social Games Firm Big Six

San Francisco - Online social network hi5 announced on Thursday that it has acquired social gaming firm Big Six. Financial terms of the transaction were not disclosed....

Quincy Smith Unveils New Investment Firm Code Advisors

San Francisco - Quincy Smith, the former head of CBS Interactive, on Wednesday announced the launch of an investment and advisory firm, Code Advisors, which will...

PeerPong Nabs $2.8 Million for Social Search Engine

Los Angeles - PeerPong, the developer of a social search engine service, has raised $2.8 million in funding from Doll Capital Management, First Round Capital, Charles River...

Meltwater Group Acquires Social Media Monitor BuzzGain

San Francisco - Meltwater Group, a provider of media monitoring services, announced on Wednesday that it has acquired BuzzGain, a social media monitoring firm. While the companies did...

Cinetic Co-founder Debuts Investment Firm ErGo Media Capital

New York - Cinetic Media co-founder Matt Littin on Wednesday launched ErGo Media Capital, a new entertainment and media investment firm that will provide venture capital...

Qwest Invests $10 Million in VOD Firm ZillionTV

Santa Clara, Calif. - ZillionTV, the provider of a Web-based video-on-demand service, has received a $10 million investment from Qwest Communications, Multichannel News reported. Founded in 2007,...

Chinese Online Ad Firm Yoyi Media Lands Funding

Beijing - Yoyi Media, a provider of targeted online ad services in China, announced on Wednesday that it has closed its first round of funding, led...

Online Scrapbook Service Smilebox Adds $2M to Second Round

Redmond, Wash. - Smilebox, the provider of an online photo scrapbook creation service, announced on Wednesday that it has raised $2 million in follow-on funding for its...

Report: Founders Fund Invests in Music Streamer Spotify

Luxembourg - Spotify, the European streaming music service gearing up for its U.S. launch, has closed a new round of funding led by Founders Fund, TechCrunch...

DubMeNow Raises $2.8 Million for Mobile Contacts Exchange

Vienna, Va. - DubMeNow, the developer of a mobile platform that lets users exchange contact information from phone to phone, has raised $2.8 million in new...