Mobile Payments Firm Boku Lands $25 Million

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San Francisco
Boku, a provider of mobile payments technology, announced on Tuesday that it
has raised $25 million in its third round of funding, led by DAG Ventures.

Previous
backers Benchmark Capital, Index Ventures and Khosla Venture also participated
in the round.

Launched in June 2009, San Francisco-based Boku has to date
developed mobile payment processing partnerships with over 1,000 game and
application developers, including many on Facebook.

The company’s Paymo service
is enabled across 190 wireless carriers in 58 countries.

 

Related Links:
http://snipurl.com/u4nl1

http://www.boku.com

Guvera Gets $20 Million for Ad-Supported Music Downloads

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New York
– Guvera, an Australia-based, ad-supported music search and download service,
has raised $20 million in new funding, CEO Claes Loberg told TechCrunch.

Information
on participating investors was not disclosed.

Founded in 2008, the company is
currently beta testing its service, for which it has signed licensing deals to
date with major labels Universal Music and EMI, as well as independent
distributor IODA.

Advertisers on the site can create branded channels that
"house relevant styles of music and other digital content and showcasing
the particular aspects of a brand’s personality."

Brands then pay a fee
when customers download music from their respective channel pages.

 

Related Links:
http://www.techcrunch.com/2010/01/18/guvera-funding

http://www.guvera.com

Inuvo Raises $4.2 Million for Online Ad Platform

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Clearwater,
Fla.
– Inuvo, a developer of
predictive modeling for performance-based online advertising, announced on
Tuesday that it has raised $4.2 million in an offering of shares.

Florida-based
Inuvo launched its platform in beta in August 2009, and now claims
"thousands" of customers.

The platform lets advertisers and
publishers connect directly on search, affiliate, lead generation and email
initiatives.

Inuvo will use the funds to incorporate "decision science
technology" into its existing affiliate and search marketing platforms.

 

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

Amazon Expands Self-Publishing for Kindle Internationally

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Seattle
– Amazon.com (NASD: AMZN) on Friday announced an international expansion of its
self-publishing platform for its Kindle Store for e-books. The self-service
Kindle Digital Text Platform can now be used to upload and sell e-books in
English, German and French to customers worldwide in the Kindle Store.
Previously, the feature had been limited to authors and publishers based in the
U.S.


 

Related Links:
http://snipurl.com/u3kgb

http://dtp.amazon.com

U.K. Broadcaster Sky Plans 3D Channel

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Las Vegas – U.K.
broadcaster Sky has announced plans to launch a 3D channel for its subscribers
later this year, following similar recent news from ESPN and Discovery. The
company partnered with 3ality Digital on the service, which will be broadcast
to Sky+HD set-top boxes and require that consumers own a 3D-capable television.


 

Related Links:
http://corporate.sky.com/media/press_releases/2010/3D_TV_sets.htm

Yahoo Debuts Vancouver Winter Olympics Site

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Sunnyvale, Calif. – Yahoo said on Friday that it has
launched a new website dedicated to the upcoming Winter Olympics in Vancouver,
available through the link below. The company also said that it will have a
custom-designed broadcast studio in Vancouver,
as well as an entertainment center, known as FanCouver, where fans attending
the games can participate in company events and promotions.


 

Related Links:
http://sports.yahoo.com/olympics

CEO of NTN Buzztime Resigns

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Carlsbad,
Calif
. – NTN Buzztime, a provider
of interactive TV trivia games found in bars and restaurants, announced on
Friday that CEO Terry Bateman has resigned for personal reasons. Bateman will
remain on the company’s board, which has established a search committee and
expects to name a successor by the second quarter of 2010.


 

Related Links:
http://snipurl.com/u3kk2

http://www.ntn.com

Survey: Tech Firms Poised to Lead Stronger IPO Market in 2010

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Chicago – Amid buzz
surrounding potential initial public offerings by social networking giants
Facebook, Twitter and LinkedIn, the majority of investment banking executives foresee
a stronger IPO market in the U.S.
this year, according to a new survey by accounting and consulting firm BDO.

More than two-thirds (68%) believe that IPO activity will increase this year
compared to 2009, with almost a quarter describing the increase as
"substantial."

Overall, bankers predict a 25% increase in the number
of U.S. IPOs in 2010, with offerings expected to average just over $400 million
in size.

"This inaugural survey reveals broad-based optimism among the
capital markets community that offering activity in the new year will build on
the momentum established this past fall," said Christopher Tower,
a partner in BDO’s Capital Markets Practice.

"Overall, the bankers’
outlook for IPOs is very positive, but some industry sectors are clearly seen
as stronger than others." Among the strongest are technology, energy,
biotech and healthcare.

 

Related Links:
http://www.bdo.com/news/pr/1226

OiNK File-Sharing Network Admin Found Not Guilty

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London – A U.K. court jury has voted
unanimously to acquit the administrator of music file-sharing network OiNK on
charges of "conspiracy to defraud" the recording industry, according
to published reports. U.K.
authorities raided the operation two years ago and made several arrests,
including 26-year-old computer engineer Alan Ellis.

At trial, it was alleged
that Ellis was taking in $18,000 a month in donations to OiNK, and he was found
with $300,000 in personal accounts.

Ellis maintained that he was using the
funds to rent server space, and to eventually purchase his own server.

Ellis
also said that he originally built OiNK — which allegedly facilitated over 21
million downloads of 600,000 albums, most of which were pre-release — to
further his programming skills.

 

Related Links:
http://snipurl.com/u3jrt

(Billboard)

http://snipurl.com/u3js8
(TorrentFreak)

http://snipurl.com/u3jv3
(DMW previous coverage)