London - Microsoft is once again reportedly in talks to acquire Yahoo's search business for $20 billion, according to the U.K.'s Times Online. [more..]

Reston, Va. - Completing a deal seven months in the making, Sprint Nextel said on Monday that it has officially merged its new high-speed wireless network with a similar network from Kirkland, Wash.-based Clearwire. [more..]

Reston, Va. - Online bargain-hunters were expected to flood the Internet on Monday in search of deals on "Cyber Monday," the unofficial kickoff of the online holiday shopping season. [more..]

New York - Sumner Redstone, whose National Amusements holding company controls Viacom, CBS, Paramount Pictures and other media assets, is expected to announce on Monday that he will sell its 87% majority stake in Midway Games to investor Mark Thomas, The Wall Street Journal reported. [more..]

New York - News and opinion website The Huffington Post announced on Monday that it has raised $25 million in new financing, bettering the $15 million that had been mentioned in earlier reports on the investment. [more..]

Nashville, Tenn. - PassAlong Networks, a provider of digital music services, plans to close on a new $30 million funding round later this month, VentureWire reported. [more..]

San Francisco - Pownce, a microblogging and file-sharing service created by Digg founder Kevin Rose, announced on Monday that it has been acquired by Six Apart, developers of blogging tools including Vox, Movable Type and TypePad, for an undisclosed sum. [more..]

Amsterdam - SellaBand, a fan-financed recordings venture for unsigned artists, announced on Monday that it has partnered with Arena Works Entertainment on ArenaFest, a festival tour of 91 venues that will feature unsigned bands, extreme sports, video game tournaments and even a dating game in what are being billed as "the first live social network event(s) ever." [more..]

Westborough, Mass. - The FeedRoom, a provider of online video software, has completed its acquisition of ClearStory Systems, a Massachusetts-based digital asset management software provider. [more..]

Newton, Mass. - ExtendMedia, a provider of online video distribution services, has raised a $10 million third round of venture capital financing, PEHub.com reported, citing a regulatory filing. [more..]

Atlanta - Band Metrics, a provider of Web-based analytics tools for the music industry, announced that it has raised an undisclosed amount of angel financing, led by investor Allen Graber. [more..]

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Los Angeles - Former Vice President Al Gore and Live Earth founder Kevin Wall said on Monday that Live Earth India, concert originally slated for Dec. 7 in Mumbai, has been cancelled in light of the recent tragic attacks there. [more..]

London - Microsoft's MSN site in the U.K. has launched a new feature that allows independent artists upload their music videos for viewing by the site's 5.4 million unique monthly visitors. [more..]

Los Angeles - Apple's iPhone App Store has now released over 10,000 applications for the device, according to a report on 148Apps.com, which tracks iPhone applications. [more..]

Los Angeles - Joost, the peer-to-peer-based streaming TV service, has launched a new free application for Apple's iPhone that lets users stream its full content library of 46,000 movies, TV episodes and music videos over a Wi-Fi connection. [more..]

San Francisco - Double Fusion, a provider of in-game advertising services, said on Monday that it has signed new deals to serve in-game ads for PlayStation 3 titles published by THQ, Sega, Eidos and Midway Games. [more..]

Los Angeles - Video game publisher Acclaim has released a public beta of its free, music-based online game, "Rockfree," which aims to compete with more elaborate, costlier titles like "Guitar Hero" and "Rock Band." [more..]