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FanFeedr Gets Funding for Sports News, Virtual Wagering

Los Angeles - FanFeedr, a service that provides sports news aggregation and a social game that includes virtual betting, has raised $450,000 in seed funding from...

Report: U.S. Venture Investment Hits Highest Level Since 2008

New York - Venture capitalists invested $7.7 billion into U.S.-based companies during the second quarter, the highest quarterly total since the third quarter of 2008, according...

Nokia Siemens Buys Motorola Unit for $1.2 Billion

Espoo, Finland - Nokia (NYSE: NOK) Siemens Networks announced on Monday that it will acquire the majority of Motorola's (NYSE: MOT) wireless network infrastructure assets for $1.2 billion. About...

Google Buys Metaweb Open Database of 12 Million "Things"

Mountain View, Calif. - Google (NASD: GOOG) announced that it has acquired Metaweb, the operator of "an open database of things in the world." Financial terms of the...

Freelancer.com Acquires Virtual Content Marketplace Freemarket

Sydney, Australia - Freelancer.com, an online marketplace for outsourcing freelance work, announced on Monday that it has acquired Freemarket.com, a virtual content marketplace. Financial terms of the...

Compass Labs Gets $5 Million for Targeted Social Ads

San Jose, Calif. - Compass Labs, a provider of targeted advertising on social networks, has raised $5 million in new financing, TechCrunch reported. Investors included New Enterprise...

Shares of Digital 3D Cinema Firm RealD Up 22% After IPO

Los Angeles - Shares of digital 3D cinema company RealD (NYSE:  RLD) were up 22% above their initial public offering (IPO) price on Friday, opening...

MySpace Acquires Assets of Threadbox Social Messaging Service

Los Angeles - News Corp.'s (NYSE: NWS) MySpace online social network has acquired the assets and employees of Threadbox, the provider of a social messaging service, VentureBeat...

FriendFinder Counters Hefner With $210M Offer for Playboy

Boca Raton, Fla. - FriendFinder Networks, the operator of a range of adult dating and social networking sites, as well as Penthouse.com, announced on Thursday that...

Game Publisher SouthPeak Secures $10 Million Credit Line

Midlothian, Va. - Video game publisher SouthPeak Interactive has secured a new $10 million line of credit with financial services firm Rosenthal & Rosenthal. The line, which...