Sunnyvale, Calif. - Despite speculation to the contrary, software giant Microsoft said that it has no plans to raise its $44.6 billion offer for Yahoo, The Wall Street Journal reported on Tuesday. [more..]

Stockholm, Sweden - The International Federation of the Phonographic Industry (IFPI) yesterday filed a $2.5 million copyright infringement lawsuit in Sweden against The Pirate Bay, the notorious file-sharing tracker site. [more..]

Los Angeles - Universal Music Group announced on Tuesday that it has made a strategic investment in digital music distributor INgrooves, and will partner with the company to distribute music. [more..]

Seattle - Online bookseller Amazon.com has changed its policy with regard to its print-on-demand service for publishers, now requiring that print-on-demand books listed for sale on its site actually be printed through its own BookSurge service, instead of by any third-parties. [more..]

New York - CBS Radio announced on Tuesday that it will provide streaming of all of its 140 radio stations on Last.fm, the social music service it purchased for $280 million last May. [more..]

Los Angeles - Radiohead has partnered with Apple's iTunes to give fans the ability to create their own remix for their new single "Nude," offering the separate vocal and instrumental parts of the song for download from the online store. [more..]

Arlington, Va. - Consumers plans to sell, donate or recycle 95% of their unused analog TVs following next year's transition to digital signals, according to a new survey by the Consumer Electronics Association (CEA). [more..]

Richmond, Va. - A month after first announcing the deal, Media General, an owner of newspapers, television stations and web sites in the Southeast, said that it has completed its acquisition of online social shopping portal DealTaker.com from Texas-based NARAE Enterprises. [more..]

London - Mobango, a London-based mobile social network, announced on Tuesday that it has raised a $5.7 million second round of venture capital financing, led by Italian fund Innogest Capital.
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Berlin - Metaversum, a developer of online virtual worlds and a social community platform, announced on Tuesday that it has received a "multi million Euro" investment from Balderton Capital. [more..]

Barak Obama and Hilary Clinton proposed the creation of the office of the co-president of the United States... [more..]

Robin Goad blogs about a website which allows users to create a virtual "bimbo" and compete against other players to earn “bimbo dollars” by making her as attractive and famous as possible. [more..]

London - Mobile network operator 3 UK has launched its first ad-supported mobile music video channel with major label Sony BMG. [more..]

Las Vegas - XM Satellite Radio said on Tuesday that it partnered with mobile media firm QuickPlay Media to develop an XM Radio Mobile service for BlackBerry smartphones. [more..]

Cambridge, Mass. - JumpTap, a provider of mobile search and advertising services, announced on Tuesday deals with Fox Mobile Entertainment and NBC Universal to provide mobile ad services across a range of sites. [more..]

Wilton, Conn. - The Entertainment Consumers Association (ECA), a non-profit that represents video game enthusiasts, said on Tuesday that it has launched a Web-based initiative called Gamers for Net Neutrality. [more..]

Los Angeles - The Entertainment Software Rating Board (ESRB), the video game industry's voluntary agency that provides game ratings for parents, on Tuesday began offering a new widget that can be placed on websites and social network profiles, or downloaded to a desktop, that will provide easy access to ratings on over 14,000 titles. [more..]

Los Angeles - Gemstar-TV Guide International, a provider of electronic program guides for digital TV services, announced on Tuesday the launch of a new mobile version of tis TVGuide.com site. [more..]

Redwood Shores, Calif. - Hudson Entertainment said on Tuesday that it has signed a deal with eMusic to make its catalog of more than 10,000 tracks from independent labels available through the company's digital music service, which counts 400,000 subscribers. [more..]