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Google to Acquire Internet Telephony Firm GIPS for $68.2 Million

Mountain View, Calif. - Google (NASD: GOOG) announced on Tuesday that it has agreed to acquire Global IP Solutions (GIPS), a Norway-based developer of VoIP and video conference...

Titan Gaming Gets $1 Million for Online Game Platform

Los Angeles - Titan Gaming, the provider of an online platform for multiplayer games, announced on Tuesday that it has raised $1 million in funding from...

Thomson Reuters Acquires Brazilian Legal Publisher

Sao Paulo, Brazil - Thomson Reuters announced on Monday that it has acquired 98-year-old Brazilian legal publisher Revista dos Tribunais. Financial terms of the deal were not disclosed....

KIT Digital Acquires Benchmark Broadcast for $9.5 Million

Prague, Czech Republic - KIT Digital, a provider of video-on-demand software and services, announced on Monday that it will acquire Singapore-based rival Benchmark Broadcast Systems for $9.5...

Booyah Lands $20 Million for Location-based Mobile Service

Palo Alto, Calif. - Booyah, a developer of location-based mobile applications, announced on Monday that it has closed a $20 million round of financing, led by Accel...

Grockit Raises $7 Million for Social Learning Network

San Francisco - Grockit, the developer of a social network for studying, said on Friday that it raised $7 million in a new round of funding...

Report: Venture Capital Performance Improves in Short Term

Arlington Va. - Short-term venture capital investments improved, while longer-term investments continued to suffer for the period ending Dec. 31, according to new figures from Cambridge...

Soros Bought Stake in China's Alibaba Last Year

<!--breakLos Angeles - Billionaire investor George Soros purchased a stake in Chinese e-commerce firm Alibaba.com last year that was large enough to make him one of...

China's Hurray Sells Stake in Huayi Music for $5 Million

Beijing - Hurray Holding Co. (NASD: HRAY), a provider of artist development, music production, wireless music distribution and operator of an online video portal in China, announced...

Diaspora Gets $100K in Donations for Privacy-Minded Social Net

New York - A group of four programming students at New York University have raised more than $100,000 in donations for Diaspora, their social networking project aimed directly...