Breaking Mergers, Acquisitions, and VC NewsTerra Firma Seeks Another $160 Million for EMIAuthored by Mark Hefflinger on February 4, 2010 - 8:28am.
London
- Terra Firma, the private equity firm that owns major record label EMI, is
seeking to raise an additional $160 million to help repay loans to Citigroup,
which helped finance the firm's $4.7 billion acquisition of EMI, according to
published reports. Terra may soon default on loan payments due, if it fails to
raise the additional capital.
Yahoo Sells HotJobs Unit to Monster for $225 MillionAuthored by Mark Hefflinger on February 3, 2010 - 11:04am.
New York
- Nine months after it put the unit up for sale, Yahoo (NASD: YHOO) announced on Wednesday
that it has sold its HotJobs online recruitment service to Monster Worldwide
for $225 million in cash. The deal includes a three-year agreement wherein Monster
will provide career and job content on Yahoo's home page in the U.S. and Canada,
and gives Monster the rights to negotiate similar agreements for Yahoo
properties in Europe, Asia and Latin America.
Yale Gets $4 Million to Develop HIV Prevention Video GameAuthored by Mark Hefflinger on February 9, 2010 - 9:20am.
New Haven, Conn.
- Yale University has received a $3.9 million
grant to develop a video game designed to teach young people how to avoid being
infected with HIV, GamePolitics reported.
Fotomoto Raises Funding for Self-service Photo MonetizationAuthored by Mark Hefflinger on February 9, 2010 - 9:17am.
San Francisco
- Fotomoto, a service that lets photographers monetize their photos through
contacts with Web publishers, has raised $623,000 in funding.
tags: Deals | Publishing | Images | User-Generated | Draper Fisher Jurvetson | Amidzad Partners | Fotomoto |
iFollo.com Gets $1 Million for User-Submitted Celebrity SightingsAuthored by Mark Hefflinger on February 9, 2010 - 8:12am.
Park City,
Utah - iFollo.com, a site that
lets users share stories of encounters with celebrities and public figures,
announced on Tuesday that it has raised $1 million from investor Robert S.
Trump.
Video Caption Transcriber 3Play Media Raises FundingAuthored by Mark Hefflinger on February 8, 2010 - 10:40am.
Somerville,
Mass. - 3Play Media, a developer
of video caption transcription technology, announced that it has raised
$450,000 in funding from angel investors.
Report: AOL Working with Four Bidders on Sale of ICQAuthored by Mark Hefflinger on February 8, 2010 - 9:58am.
New York
- AOL (NYSE: AOL) is in serious negotiations with four bidders to sell its ICQ instant
messaging service, All Things D reported on Monday.
Swedish Web Movie Service Voddler Gets $3.5 MillionAuthored by Mark Hefflinger on February 8, 2010 - 9:44am.
Stockholm,
Sweden -
Voddler, a provider of streaming video services, has raised $3.5 million in new
funding from Eqvitec Partners.
Canadian News Site The Mark Closes First Round of FundingAuthored by Mark Hefflinger on February 8, 2010 - 9:26am.
Toronto
- The Mark, a Canada-based online daily news magazine, announced on Monday that
it has closed its first round of funding, led by Innovation Grade Capital.
Motorola Leads Investment in Social Music Player TuneWikiAuthored by Mark Hefflinger on February 8, 2010 - 9:13am.
Schaumberg,
Ill. - Motorola (NYSE: MOT) Ventures
announced on Monday that it has led a new investment round in TuneWiki, a
provider of social media music players and related applications.
tags: Deals | VC | Social Networking | Music | Lyrics | Motorola Ventures | Novel TMT | Hillsven Capital | Intellect Capital Ventures | TuneWiki | Benchmark Israel |
Adult Site Operator FriendFinder Cancels IPOAuthored by Mark Hefflinger on February 5, 2010 - 8:32am.
Boca Raton,
Fla. - FriendFinder Networks, an
operator of adult-oriented websites and dating services, and publisher of
Penthouse magazine, announced on Friday that it has opted to postpone its
planned IPO, citing current market conditions.
Tween Girls Site Fashion Playtes Raises $1.7 MillionAuthored by Mark Hefflinger on February 5, 2010 - 8:19am.
Salem, Mass. - Fashion Playtes, the operator of an
online girls fashion website, has raised $1.7 million in venture capital,
according to a filing by the company with the Securities and Exchange
Commission.
Scrapblog Gets $2.5 Million for Online Scrapbook CreationAuthored by Mark Hefflinger on February 5, 2010 - 7:41am.
San Francisco
- Scrapblog, an online service that lets users upload photos and create
Web-based scrapbooks, has raised $2.5 million in a fourth round of funding,
TechCrunch reported, citing a regulatory filing.
Kwedit Secures $3 Million for Payment Service for Virtual GoodsAuthored by Mark Hefflinger on February 5, 2010 - 6:48am.
Mountain View,
Calif. - Kwedit, a developer of
new payment services for digital content and virtual goods, announced that it
has raised $3 million in its first round of funding, from True Ventures, Kapor
Capital, Maples Investments, Endeavor Partners, Fenwick and West, and angel
investors.
tags: Games | Deals | VC | True Ventures | Maples Investments | Fenwick and West | Virtual Goods | Kwedit | Kapor Capital | Endeavor Partners |
AppFund to Fuel Development of Apple iPad ApplicationsAuthored by Mark Hefflinger on February 4, 2010 - 8:51am.
New York
- CNET and E! Online co-founder Kevin Wendle and MusicNation fo-founder Daniel
Klaus have teamed to form AppFund, a new investment firm that will provide
funding and expertise to developers working on applications for Apple's new
iPad.
NYT: Amazon Acquires Touch-Screen Developer TouchcoAuthored by Mark Hefflinger on February 4, 2010 - 8:38am.
New York
- Amazon.com (NASD: AMZN) has acquired Touchco, a developer of touch-screen display
technology, The New York Times reported, citing a person briefed on the deal.
LensVector Gets $30 Million for Camera Phone Lens TechAuthored by Mark Hefflinger on February 4, 2010 - 7:04am.
Mountain View,
Calif. - LensVector, a developer of
autofocus technology for camera phone lenses, announced on Thursday that it has
raised $30 million in a third round of financing, led by Institutional Venture
Partners.
tags: Deals | Mobile | VC | Samsung | Kodak | Images | Menlo Ventures | Mitsui | Institutional Venture Partners | Silicon Valley Bank | LensVector |
College Lecture Podcast Firm Echo360 Raises FundsAuthored by Mark Hefflinger on February 3, 2010 - 8:43am.
Dulles, Va. - Echo360, a provider of Internet audio and
video technology used by universities, has raised $6.8 million in an extension
of its second round of funding, which initially closed in Oct. 2008, according
to a filing with the Securities and Exchange Commission (SEC).
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