Rumors Swirl About Possible Merger Between AOL and Yahoo

By
Mark Hefflinger
-
0

New York – Rumors continued to swirl on Wednesday about the
possibility of a mega-merger between AOL (NYSE:  AOL) and Yahoo (NASD:  YHOO). Citing a "plugged-in
source," Silicon Alley Insider reported that private equity firms are
exploring the idea of uniting the assets of both companies, then taking the
resulting entity private.

"A lot of chatter out there that possibly this
could come to fruition," Jay Heller of the Nasdaq Market Intelligence
Desk, told The Street.com.

"These are just rumors, but I think the most important
thing is, if something like this were to happen, what you’d see is a dramatic
savings on the costs. You’re having two companies essentially doing the same
thing, running side by side [and] not making any headwind."

According to
the source, AOL’s Tim Armstrong would be in line to lead the combined company.

 

 

Related Links:
http://tinyurl.com/24jn5p3
(Business Insider)

http://tinyurl.com/2dpeyn3
(TheStreet.com)

http://www.fool.com/investing/general/2010/10/05/aol-yahoo-merger.aspx

 

Online Event Ticketing Firm Eventbrite Lands $20 Million

By
Mark Hefflinger
-
0

San Francisco – Eventbrite, an online event ticketing firm,
announced on Wednesday that it has raised $20 million in a fourth round of
funding, led by DAG Ventures.

New investor Tenaya Capital, and previous backer
Sequoia Capital also participated in the round, which brings the total raised
by the company to date to $29.5 million.

San Francisco-based Eventbrite has
processed 7.5 million tickets so far this year.

The company expects to reach
$200 million in total gross ticket sales in 2010.

 

Related Links:
http://tinyurl.com/26xxk3z

http://www.eventbrite.com

Syncapse Raises $2 Million for Social Media Technology

By
Mark Hefflinger
-
1

*A correction was made to this story.

Toronto – Syncapse, a developer of social media technology,
announced on Wednesday that it has raised $2 million in new financing from the
Business Development Bank of Canada.

Founded in 2007, Toronto-based Syncapse
offers social media management software for brand marketers and agencies.

The
company raised $3.3 million in a first round of private equity financing
earlier this year, and says it invested nearly $10 million in product
development in 2010.

Syncapse will use the new funds for further product
development, and to hire additional sales, technical development and marketing
staff.

*Correction: An earlier version of this story incorrectly stated the amount raised as $4 million.

 

 

Related Links:
http://tinyurl.com/24y6xv5

http://www.syncapse.com

Twitter-Focused Video Site 12seconds to Shutter

By
Mark Hefflinger
-
0

Santa Cruz, Calif. – Twitter-focused video site 12seconds
will shut down on Oct. 22, having "fell victim to Twitter’s growth,"
the founders said on the site, NewTeeVee reported. The self-funded site let
users upload 12-second-long videos and share them via Twitter.

 

Related Links:
http://newteevee.com/2010/10/04/12seconds-is-shutting-down

http://12seconds.tv

Sony Music Launches Classical Online Store Ariama.com

By
Mark Hefflinger
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0

New York – Major record label Sony (NYSE: SNE) Music on Tuesday launched
a public beta version of Ariama.com, its new online store dedicated to
classical music. The store features albums from more than 50 classical labels,
editorial content from Gramophone and BBC Music Magazine, and the ability to
refine search by composition, period, instrumentation, conductor, ensemble and
soloist.

 

Related Links:
http://tinyurl.com/2atpm6j

http://www.ariama.com

Skype Releases Android Mobile Calling App

By
Mark Hefflinger
-
0

Luxembourg – Skype on Tuesday released a version of its
Internet telephony application for Android-based smartphones running OS version
2.1 or above. The application lets Android users make Skype calls via a Wi-Fi
or mobile data (3G) connection.

 

Related Links:
http://about.skype.com/press/2010/10/android.html

Netflix Adds Ability for iPhone Video-Out to TV

By
Mark Hefflinger
-
0

Los Gatos, Calif. – Netflix (NASD: NFLX) has added the ability for
subscribers with an iPhone 4 or fourth-generation iPod touch to display Netflix
content stored on the devices on a television or other large-screen display via
new video-out support. Apple already offers an adapter for its mobile devices
that allows them to plug into a TV or other device.

 

Related Links:
http://www.netflix.com

Panasonic to Introduce "Jungle" Mobile Game Device

By
Mark Hefflinger
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0

Los Angeles – Japanese consumer electronics maker Panasonic
plans to introduce a new mobile gaming device that aims to make online games
portable, Wired.com reports. The "Jungle" sports an HD display,
touchpad, QWERTY keyboard and analog game controls. It’s expected to include a
3G connection, and support mainly Java- and Flash-based online games, including
"Battlestar Galactica Online."

 

Related Links:
http://www.wired.com/gamelife/2010/10/panasonic-jungle

The Daily Beast Poaches Washington Post Reporter Howard Kurtz

By
Mark Hefflinger
-
0

Los Angeles – News site The Daily Beast announced on Tuesday
that it has hired Washington Post investigative reporter and media critic
Howard Kurtz as its new Washington Bureau Chief. The two-year-old site was
founded by former Vanity Fair and New Yorker editor Tina Brown and IAC’s Barry
Diller.

 

Related Links:
http://tinyurl.com/28e7t5g
(The Daily Beast)

CreateSpace, Library of Congress Team for Print-on-Demand Titles

By
Mark Hefflinger
-
0

Charleston, S.C. – CreateSpace, the unit of Amazon.com (NASD: AMZN) that
offers on-demand manufacturing of DVDs, CDs, books and other media, on Tuesday
announced a partnership with the Library of Congress, to make at least 50,000
public domain books available through Amazon.com. The Library signed a similar
deal with Amazon Europe to make tens of thousands of books available for
print-on-demand ordering in the U.K., Germany and France.

 

Related Links:
http://tinyurl.com/249gby6

http://www.createspace.com

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