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AOL to Sell or Shutter Bebo Social Network
New York
- Two years after paying $850 million for the social network, AOL (NYSE: AOL) said that it
now plans to either sell or shut...
Report: Veoh Networks Sells Off Remaining Assets
San Diego - Veoh Networks, an online video service that
raised $67.5 million in venture capital financing, has sold off its remaining
assets to Los Angeles-based...
Online Ad Network Burst Media Acquires OTP Media
Burlington,
Mass. - Burst Media, an online ad
network for independent publishers, announced on Wednesday that it has acquired
OTP Media, a U.K.-based ad network.
Financial terms of...
Digital Ad Network Zoom Acquires Ad Sales Team Sports Display
New York
- Zoom Media & Marketing, an operator of out-of-home digital ad networks in
over 10,000 venues, announced Wednesday that it has acquired the assets...
Gdgt Lands $3.2 Million for User-Generated Gadget Reviews
New York
- User-generated gadget reviews site gdgt has raised $3.165 in a round of new
funding led by Spark Capital and True Ventures, The Wall...
Report: Yahoo in Talks to Acquire Location Service Foursquare
Sunnyvale,
Calif. - Yahoo (NASD: YHOO) is in talks to
acquired location-sharing startup Foursquare for as much as $100 million,
Business Insider reported, citing "sources close to...
Lionsgate, Saban Capital Form Tiger Gate Joint Venture
Los Angeles - Canadian film
studio Lionsgate (NYSE: LGF) announced on Tuesday that it has partnered with private
investment firm Saban Capital Group to form Tiger Gate,...
Private Equity Fund-Raising Slips 8% in First Quarter
New York - U.S. private
equity fund-raising dipped 8% to $17.6 billion during the first quarter,
compared with the same quarter in 2009, according to new...
Rhapsody Completes Spinoff; Debuts $10 Mobile Streaming
Seattle
- Rhapsody, the digital music service launched by RealNetworks (NASD: RNWK) seven years ago that
would later become a joint venture with Viacom's (NYSE: VIA)...
Report: Three Finalists Emerge to Acquire ICQ from AOL
New York - Suitors for AOL's (NYSE: AOL) ICQ instant messaging service
are down to three companies, Reuters reported, citing the Russian business
daily Vedomosti.
Russia-based ProfMedia...
