Sunnyvale, Calif. - Yahoo announced on Monday that it will dump its Yahoo Music Unlimited digital music service, and replace it with Rhapsody, the competing on-demand streaming service offered by Rhapsody America, a joint venture between RealNetworks and Viacom's MTV Networks. [more..]

Dulles, Va. - Three days after Microsoft shocked the technology world with its unsolicited $44.6 billion takeover bid for Yahoo, some pundits and analysts already are predicting that it could negatively affect AOL's chances of merging with an online advertising powerhouse. [more..]

Luxembourg - Online retail giant Amazon.com announced on Monday that it will sell its Amazon Europe unit's DVD rental business in the U.K. and Germany to Lovefilm. [more..]

Dulles, Va. - Looking to further expand on its online advertising strategy, AOL said on Monday that it has acquired San Diego-based Goowy Media, the developer of a technology platform and related analytics tools for widget creation, syndication and reporting. [more..]

Beijing - CDC Games, a unit of China-based CDC Corp. that operates online multiplayer games, announced on Monday that it has increased its investment in Japan-based BBMF Group, a provider of 3G content including mobile games. [more..]

Los Angeles - Comedy producer National Lampoon announced on Monday that it has acquired Rivalfish.com, a college sports rivalry brand that was previously part of its National Lampoon Humor Network, for an undisclosed sum. [more..]

New York - Ringleader Digital (formerly known as MoPhap), the operator of a mobile advertising network, announced on Monday that it has raised $6 million in its first round of venture capital financing, led by marketing services firm W2 Group. [more..]

Edmonton, Canada - Nexopia, a Canada-based, youth-oriented social network with over 1.2 million registered members, announced on Monday that it has received an investment of "several million dollars" from Burda Digital Ventures. [more..]

New York - Rebel Monkey, a developer and publisher of casual and community online games, said on Monday that it has raised $1 million in a first round of financing from Redpoint Ventures. [more..]

Arlington, Va. - Three former executives from AOL have launched a new online marketplace that allows people to buy and sell their expert advice over the Internet. [more..]

MSN and Yahoo! both have diversified properties with significant positions in the marketplace that offer attractive ad inventory, so hopefully a combined MSN and Yahoo! could also take advantage of Microsoft’s investment in Facebook, blogs Heather Dougherty of Hitwise. [more..]

Yahoo should say yes. Its less about the money than about finally achieving the corporate goals set out more than a decade ago. One time Jerry told me that Yahoo stood for You Always Have Other Options. This time Yahoo doesn't, but their customers options could improve exponentially if Yahoo says yes, blogs Mark Cuban. [more..]

Pre-rolls don’t work for advertisers that want to reach a youth audience - “Custom Skins” and “Editorial Integration” is the way to go to monetize online video, according to Ricky Van Veen, co-founder of the vastly popular online video site CollegeHumor.com, blogs Jay Baage. [more..]

San Francisco - Publisher IDG on Monday announced the resurrection of The Industry Standard, the Internet economy publication that first launched in 1998 and then shuttered in the wake of the dot-com bubble burst in 2001. [more..]

New York - Disney's ESPN plans to make its live sporting event broadband video service, ESPN360, free to access to anyone on college campuses or military bases who sign up from an .edu or .mil domain, The New York Times reports. [more..]

Cambridge, Mass. - Researchers at MIT and Texas Instruments have developed a new chip design for portable electronics that can be up to ten times more energy-efficient than present technology, according to an announcement on Monday. [more..]

Bethpage, N.Y. - Cable TV provider Cablevision on Monday announced a new service that will let subscribers watch select new release movies on-demand on the same day as their DVD release, as well as have a copy of the film shipped to them on DVD. [more..]

Los Angeles - Napster and wireless partner Ericsson on Monday announced the launch of the Napster Mobile music service in Chile with wireless network operator Entel PCS, marking its first availability in Latin America. [more..]