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The Echo Nest Lands $1.3 Million for Music Recommendations

Somerville, Mass. - The Echo Nest, the provider of a music recommendation and search platform, has raised $1.3 million in new funding from 14 unnamed investors, according...

MSNBC.com Buys BreakingNews.com Domain

New York - MSNBC.com, the network and website joint venture between Microsoft and NBC, has purchased the domain BreakingNews.com, PaidContent reported. Last year, the company took over...

Best Buy Backs Wireless Chipmaker SiBeam

Sunnyvale, Calif. - SiBeam, a maker of high-speed wireless communication platforms, said on Tuesday that it has landed an unspecified equity investment from consumer electronics retailer Best...

News Corp. Sells Off Digital Publishing Group

New York - News Corporation (NYSE: NWS) has sold its Digital Publishing Group (DPG) unit to venture capital firm VantagePoint Venture Partners for an undisclosed amount, PaidContent reported. ...

Annual Wikipedia Fundraiser Nets $8 Million

San Francisco - The Wikimedia Foundation announced on Tuesday that its annual fundraiser this year raised just over $8 million, exceeding its goal of $7.5 million,...

Providence Backs Baidu's Hulu-like Video Portal Venture

Shanghai - Baidu (NASD:  BIDU), the top search engine in China, has partnered with Hulu investor Providence Equity Partners to create a similar video portal...

Market Research Firm Gartner Buys Burton Group for $56 Million

Stamford, Conn. - Gartner (NYSE: IT) announced on Tuesday that it has acquired fellow information technology market research firm Burton Group for $56 million in cash. Utah-based Burton Group...

Apple Acquires Mobile Ad Firm Quattro Wireless

Waltham, Mass. - Quattro Wireless, a provider of mobile advertising services, announced on Monday in a blog post that it has been acquired by Apple (NASD:  AAPL)....

PowerReviews Secures $4.9 Million for User Product Reviews

San Francisco - PowerReviews, a site that aggregates user-generated product reviews and makes them available to online retailers, has raised $4.9 million of an anticipated $9 million...

LivingSocial Lands $5 Million for Social Media Apps

Washington - LivingSocial, a developer of social networking applications, has raised $5 million in new funding, PaidContent reported. Investors included Grotech Ventures, AOL founder Steve Case and...