Sunnyvale, Calif. - In the midst of its efforts to ward off -- or sweeten -- a takeover bid from Microsoft, Yahoo announced on Wednesday that it will embark on a limited test of Google's AdSense for Search service, which will deliver ads alongside Yahoo's own search results. [more..]

Los Angeles - Following the switch to MP3 format at retail giant Wal-Mart's digital music store, songs from artists on major labels Sony BMG and Warner Music have disappeared from the site, Digital Music News reported. [more..]

Sunnyvale, Calif. - Yahoo's Flickr photo-sharing site on Wednesday launched an anticipated video-sharing feature for its 42 million monthly users. [more..]

Los Angeles - Digital civil liberties group the Electronic Frontier Foundation (EFF) earlier this week filed a brief on behalf of an eBay seller who was sued by Universal Music Group for reselling promotional CDs, arguing that the record label is violating copyright law's "first sale" doctrine. [more..]

Scottsdale, Ariz. - Propelled by the global expansion of broadband, expanding music catalogs and mobile music downloads, digital music sales will account for 40% of the total worldwide music market by 2012, up from 10% in 2007 and 6% in 2006, according to a report offered Wednesday by market research firm In-Stat. [more..]

Jakarta, Indonesia - Several Internet service providers in Indonesia have blocked access to Google's YouTube video site, over the posting of a Dutch film that purports to accuse the Koran of inciting violence, Reuters reported, citing an official with Indonesia's information ministry. [more..]

Sunnyvale, Calif. - Yahoo announced on Wednesday that it will acquire the assets of IndexTools, a provider of Web analytics software for online marketing. [more..]

Austin, Texas - Vignette, a provider of content management and other services to businesses, announced on Wednesday that it will acquire Vidavee, a provider of white label video services, for $6.6 million. [more..]

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Palo Alto, Calif. - Specialty finance firm Hercules Technology Growth Capital said on Wednesday that it has provided $20 million in debt financing to Glam Media, which operates a network of lifestyle websites, blogs and magazines aimed at women. [more..]

New York - CBS-owned music discovery service Last.fm said on Wednesday that, since it launched free full-song streaming on its site in January, overall CD and download sales through its partnership with Amazon.com are up 119%. [more..]

New York - The National Hockey League (NHL) on Wednesday announced the launch of NHL Network Online, which offers a new broadband media player and exclusive studio shows, live events, news, video features, podcasts and NHL Radio. [more..]

Bethesda, Md. - WEbook, an online platform for authors, editors and writing groups to collaboratively create written works, on Wednesday launched a public beta test of its website. [more..]

McLean, Va. - USA Today said on Wednesday that it has launched a new tool that will let readers use AOL's AIM instant messenger to search current and archived headlines and set up news alerts. [more..]

London - The BBC announced on Wednesday that it will release a version of its BBC iPlayer video-on-demand service for the Nintendo Wii. [more..]