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Aspiro Sells Mobile Entertainment Unit to Lobus Mobil

Stockholm, Sweden - Aspiro, a European provider of video and music streaming services, announced on Tuesday that it has sold its mobile entertainment business in Norway,...

Reevoo Gets Additional Funding for User Product Reviews

London - Reevoo, a publisher of user-generated product reviews, has closed a second round of funding from existing investors Eden Ventures, Banexi Ventures and Andrew Phillipps,...

Report: Elevation Invests Another $120 Million in Facebook

Palo Alto, Calif. - Elevation Partners, the investment firm co-founded by U2 lead singer Bono, has significantly increased its stake in social networking giant Facebook, TechCrunch...

Geodelic Lands $7 Million for Location-based Mobile Apps

Santa Monica, Calif. - Geodelic, a developer of location-based mobile applications, has raised $7 million in its second round of financing, led by MK Capital, TechCrunch...

Report: Location-based Social Network Foursquare Raising Funds

New York - Foursquare, the location-based social network that hit one million users in April, is in the final stages of talks on raising financing at...

HitFix Raises $1.6 Million for Entertainment Journalism

Irvine, Calif. - HitFix, the developer of an entertainment journalism online resource, said on Monday that it has raised $1.6 million in second round funding, led...

BN Media Acquires Spirituality Site Beliefnet

Norfolk, Va. - BN Media, the investor group behind nonprofit content site Cross Bridge and affinity marketer Affinity4, said that it has acquired New York-based spirituality...

Social Games Publisher Playdom Acquires Hive7

Mountain View, Calif. - Social games publisher Playdom announced this week that it has acquired Hive7.com, a gaming start-up based in Palo Alto, Calif. Financial terms...

Ticketfly Acquires Web Ticketing, Marketing Firm Gigbot

San Francisco - Ticketfly, the operator of an independent online ticketing and social marketing platform, announced that it has acquired Gigbot, a provider of Web-based ticketing and...

WorldSpace Sells Satellite Radio Assets to Yazmi USA

Silver Spring, Md. - WorldSpace, the satellite radio provider that filed for Chapter 11 bankruptcy in late 2008, said that it has closed a deal to...