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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.
 Los Angeles
- News Corp.'s (NYSE: NWS) MySpace has agreed to acquire streaming music service imeem for
an undisclosed sum, although sources told CNET News.com that the deal is valued
at about $8 million. The deal reportedly includes a payment of $1 million in
cash, as well as earn outs and accounts receivable.
Time Warner to Spin Off AOL Dec. 9 With $3.5 B ValuationAuthored by Mark Hefflinger on November 17, 2009 - 11:39am.
 Dulles, Va. - Media giant Time Warner (NYSE: TWX) announced on
Monday that it plans to spinoff its AOL unit on Dec. 9. Shareholders of Time
Warner will be given one share of AOL stock for every 11 shares of Time Warner
they own. Time Warner said in a statement that the spinoff "will result in
the complete legal and structural separation of the two companies." After
the transaction, AOL will have a market value of about $3.5 billion, based on
current share prices.
Report: MySpace in Talks to Acquire Music Streamer imeemAuthored by Mark Hefflinger on November 17, 2009 - 8:23am.
Los Angeles
- News Corp.'s (NYSE: NWS) MySpace online social network is in "late stage
negotiations" to acquire the music streaming service imeem, TechCrunch
reported, citing multiple unnamed sources. Founded in 2003, San Francisco-based
imeem started off as a music-focused social network application, but later shifted
focus to concentrate on music streaming.
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.
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