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OhMyGov Gets Funding for Social Media in Govt. Blog

Alexandria, Va. - OhMyGov, the publisher of a political blog that monitors the increasing use of social media in government, has raised an undisclosed amount of seed...

Yahoo Acquires Mobile Social Network Service Korpol

Sunnyvale, Calif. - Yahoo (NASD: YHOO) announced on Tuesday that it has acquired Korpol, an Indonesia-based mobile social network. Financial terms of the deal were not disclosed. Korpol...

Forbes to Acquire Freelance News Site True/Slant

New York - Business publisher Forbes announced on Tuesday that it will acquire True/Slant, an online freelance journalism venture, for an undisclosed sum. Launched in April 2009,...

FCC Seeks More Information on Comcast-NBC Universal Deal

Washington - The Federal Communications Commission (FCC) has requested more information from both Comcast (NASD: CMCSA) and NBC Universal (NYSE: GE), as it reviews potential antitrust concerns with the...

Gaikai Gets $10 Million for Cloud-based Game Streaming Service

Los Angeles - Gaikai, a cloud-based video game streaming service, announced on Monday that it has raised over $10 million in its second round of funding. ...

Media Trading Service Swaptree.com Lands $6 Million

Boston - Swaptree.com, an online service that lets users trade books, CDs, DVDs and video games, announced on Monday that it has raised $6 million in...

FTC Approves Google's $750 Million Deal to Acquire AdMob

Washington - The Federal Trade Commission (FTC) on Friday approved Google's (NASD:  GOOG) proposed $750 million acquisition of mobile advertising firm AdMob, saying that after its review...

Borders Gets $25 Million Investment, New Chairman

Ann Arbor, Mich. - Media retail store chain Borders (NYSE: BGP) announced on Friday that Vector Group, a tobacco holding company controlled by Bennett LeBow, will invest $25...

Japanese E-tailer Rakuten Acquires Buy.com for $250 Million

Los Angeles - Online retail site Buy.com has been sold to Japanese e-tailer Rakuten by private equity firm Clearlake Capital Group for $250 million. Founded in 1997,...

Cocodot Lands $2 Million for Online Invitations

Los Angeles - Cocodot, an online invitation and greetings service, has raised $2 million in new financing, VentureBeat reported, citing a regulatory filing. Investors included Anthem Venture Partners...