Chicago - Bankrupt video game publisher Midway Games said on Thursday that Warner Bros. Entertainment has bid $33 million for the majority of its assets, including the "Mortal Kombat" franchise. [more..]

Washington - Time magazine has labeled satellite radio provider Sirius XM as one of the "10 Biggest Tech Failures of the Last Decade," alongside HD DVD, Microsoft Vista and the Segway. [more..]

Malibu, Calif. - Toy and video game maker Jakks Pacific announced on Thursday that the Second Circuit Court of Appeals has unanimously affirmed a lower court's ruling dismissing WWE's claims that the company bribed several WWE employees in securing a licensing deal for pro wrestling video games. [more..]

Philadelphia - NebuAd, a provider of online advertising targeted based on a consumer's Web surfing habits, said in court filings this week that it has been winding down its business and has "essentially ceased to exist," the Associated Press reported. [more..]

Berlin - Film studios Universal and Warner Bros. have won a preliminary injunction from a German court against Zattoo, a Switzerland-based video portal that was inserting its own ads into streams of movies that air on free German TV channels, Variety reported. [more..]

Kansas City, Mo. - Angel investment groups on average invested 9% less last year than in 2007, according to a new survey by the Angel Capital Association (ACA). [more..]

Tempe, Ariz. - Limelight Networks, a provider of content delivery network services for digital media, announced on Thursday that it has acquired Kiptronic, a provider of device-optimized content delivery and monetization services. [more..]

Bellevue, Wash. - Visible Technologies, a provider of social media analysis services, has raised $6 million in its third round of venture capital financing from existing investors, PaidContent reported, citing a regulatory filing. [more..]

New York - The Business Insider, a blog network launched by former securities analyst Henry Blodget that includes Silicon Alley Insider, announced on Thursday that it has closed a third round of financing, from new investors Allen & Co., Marc Andressen, Jim Friedlich and Matt Luckett. [more..]

San Diego - Loop'd Network, a sports-focused online social network, said on Thursday that it has secured an additional $800,000 in funding from existing backers, and new investor Tech Coast Angels. [more..]

Los Angeles - Hulu, the video site joint venture between News Corp., NBC Universal and Disney, plans to stream its first live concert with a Dave Matthews Band performance at the Beacon Theater in New York City on June 1. [more..]

San Bruno, Calif. - Google's YouTube now sees 20 hours of video uploaded to the site every minute, up from six hours per minute in 2007 and 15 hours back in January. [more..]

San Francisco - Sony is contemplating bringing music downloads to its PSP handheld game system, music industry sources told CNET News.com. [more..]

Atlanta - A week after the struggling Paste Magazine made a plea to its 205,000 subscribers for donations to help stay in print, editor-in-chief Josh Jackson told the Associated Press that the magazine has received $166,000 in donations. [more..]

New York - The co-founders of "Grand Theft Auto" developer Rockstar Games have launched a new studio, 4mm Games, with an undisclosed sum of financing from CEA Autumn Games. [more..]

San Francisco - Personalized music service Pandora on Thursday released a desktop version of its streaming music player, Pandora One, which will offer ad-free music for $36 per year. [more..]