Breaking Mergers, Acquisitions, and VC NewseBay Completes Sale of Skype Unit to Investor GroupAuthored by Mark Hefflinger on November 20, 2009 - 9:34am.
San Jose,
Calif. - Nearly three months
after first announcing the deal, online auction giant eBay (NASD: EBAY) said that it has
completed the sale of a majority stake in its Skype Internet telephone business
to an investment group headed by Silver Lake Partners. Under the deal, the
investor group -- which also included Joltid Limited, the Canada Pension Plan
Investment Board and Andreessen Horowitz -- paid $1.9 billion and a $125
million note in exchange for a 70% stake in the unit.
tags: Deals | eBay | Acquisitions | Skype | Silver Lake Partners | Andreessen Horowitz | Canada Pension Plan Investment Board | Joltid | Janus Friis | Niklas Zennstrom |
MySpace to Acquire imeem Music Streaming ServiceAuthored by Mark Hefflinger on November 19, 2009 - 9:29am.
Time Warner to Spin Off AOL Dec. 9 With $3.5 B ValuationAuthored by Mark Hefflinger on November 17, 2009 - 11:39am.
Report: MySpace in Talks to Acquire Music Streamer imeemAuthored by Mark Hefflinger on November 17, 2009 - 8:23am.
Online Marketer QuinStreet Files for $250 Million IPOAuthored by Mark Hefflinger on November 20, 2009 - 9:40am.
Foster City,
Calif. - QuinStreet, a provider
of online marketing services, has filed with the Securities and Exchange
Commission (SEC) to raise up to $250 million in its initial public offering
(IPO).
Mobile Broadcast Firm IPWireless Lands $15.5 MillionAuthored by Mark Hefflinger on November 20, 2009 - 8:08am.
San Francisco
- IPWireless, a San Francisco-based developer of mobile broadband and broadcast
technology, said on Wednesday that it has raised $15.5 million in its first
round of funding, led by Spark Capital.
Chegg.com Gets $57 Million for Online Textbook RentalsAuthored by Mark Hefflinger on November 20, 2009 - 8:06am.
Santa Clara, Calif. - Chegg.com, an online textbook rental company,
said on Thursday that it has raised one of the largest funding rounds for a Silicon Valley tech company this year, landing $57
million in its fourth round.
In-Game Video Ad Firm NeoEdge Merges With OffspringAuthored by Mark Hefflinger on November 19, 2009 - 10:22am.
Mountain View,
Calif. - NeoEdge, a provider of
in-game video ad insertion services, announced on Thursday that it will merge
with Offspring, a developer of casual online games.
Adknowledge Buys Ad Network Unit of SocialMedia.comAuthored by Mark Hefflinger on November 19, 2009 - 9:59am.
Kansas City,
Mo. - Adknowledge, a provider of
behavioral online advertising services, announced on Thursday that it has
acquired the advertising business of SocialMedia.com.
tags: Games | Deals | Advertising | Social Networking | Acquisitions | Adknowledge | SocialMedia.com |
GameStop Buys Stake in Digital Game Distributor JoltAuthored by Mark Hefflinger on November 19, 2009 - 9:47am.
Grapevine, Texas - U.S. video game
retail store chain GameStop (NYSE: GME) has purchased a stake in U.K.-based Jolt, a
provider of video game news and a digital distribution platform.
American Express to Buy AOL Co-founder's Revolution MoneyAuthored by Mark Hefflinger on November 18, 2009 - 11:00am.
St. Petersburg,
Fla. - Credit card giant American
Express said on Wednesday that it will pay approximately $300 million to
acquire Revolution Money, the Florida-based online payments company launched in
2007 by AOL co-founder Steve Case.
Burda Digital Buys 25% Stake in Business Social Network XingAuthored by Mark Hefflinger on November 18, 2009 - 10:58am.
Hamburg,
Germany - European
media group Hubert Burda Media's Burda Digital unit on Wednesday announced that
it has acquired a 25% stake in business-focused online social network Xing.
LimeLife Raises $1 Million for Women's Lifestyle SiteAuthored by Mark Hefflinger on November 18, 2009 - 9:52am.
Menlo Park,
Calif. - LimeLife, a
women-focused community site offering news, entertainment and lifestyle content, has
raised $1 million in new venture capital financing, PaidContent reported,
citing a regulatory filing.
1020 Placecast Lands $5 Million for Location-based MarketingAuthored by Mark Hefflinger on November 18, 2009 - 9:41am.
San Francisco
- Location-based ad network provider 1020 Placecast announced on Wednesday that
it has raised $5 million in second round funding.
tags: Deals | Mobile | VC | Marketing | Advertising | Voyager Capital | ONSET Ventures | 1020 Placecast | Quatrex Capital |
Party Planning Software Firm Punchbowl Acquires I'm In!Authored by Mark Hefflinger on November 17, 2009 - 11:38am.
Framingham,
Mass. - Punchbowl Software, the developer
of the online party planning site MyPunchbowl.com, on Tuesday announced the
acquisition of I'm In!, which previously operated as a site for group travel
and local trip ideas.
Terra Firma Writes Down 90% of Investment in EMIAuthored by Mark Hefflinger on November 17, 2009 - 8:09am.
London
- Terra Firma, the private equity firm that acquired major record label EMI for
$4.8 billion in 2007, has written its investment in the firm down by 90%, the
Financial Times reported. An offer from Terra Firm to inject another $1.68
billion into EMI, in return for lender Citigroup writing off $1.68 billion of
its $4.4 billion loan that helped finance the deal, was rejected by Citigroup.
Bigfoot Networks Lands $8 Million for PC Gaming CardsAuthored by Mark Hefflinger on November 17, 2009 - 7:52am.
Austin, Texas - Bigfoot Networks, a maker of PC
cards that reduce lag time in video games, announced on Tuesday that it has
closed an $8 million second round of funding, led by previous backers North
Bridge Venture Partners, Palomar Ventures and Raven Venture Partners.
tags: Deals | VC | Gaming | Bigfoot Networks | North Bridge Venture Partners | Palomar Ventures | Raven Venture Partners |
Social Network Application Developer RockYou Gets $50 MillionAuthored by Mark Hefflinger on November 17, 2009 - 7:34am.
San Mateo,
Calif. - RockYou, a developer of
social network applications and advertising technology, has raised $50 million
in its fourth round of venture capital financing from existing investor
Softbank, TechCrunch reported.
|
Upcoming DMW Events
December 8, 2009 | Santa Monica, CA www.lafilmconference.com
January 8, 2010 | Las Vegas, NV www.digitalmediainsider.com
Feb. 24-25, 2010 | New York, NY www.digitalmusicforum.com Events Calendar Submit a Speaker To receive event updates & announcements:
NavigationUser loginAds |
Daily Newsletter and NetworkingLatest Top Stories
DMW Widget - Grab it and embed!Latest Briefly Noted
PollOther Ads |
Recent comments
1 day 8 hours ago
1 day 9 hours ago
1 day 10 hours ago
1 day 19 hours ago
1 day 20 hours ago
2 days 18 hours ago
3 days 1 hour ago
3 days 8 hours ago
3 days 9 hours ago
6 days 15 hours ago