Dulles, Va. - Media giant Time Warner is expected to make a final decision on the fate of AOL during a board meeting on Thursday, possibly "undoing" the 2001 merger between the two companies, the blog Seeking Alpha reported. [more..]

Brussels - Europe took another step towards a pan-European license for online music stores yesterday, when French royalty collection society SACEM told the European Commision it would drop territorial restrictions that prevent other European collecting societies from selling its artists' repertoire. [more..]

Redmond, Wash. - Microsoft announced on Wednesday that it plans to release a new Zune HD portable media player in the fall, and will extend its Zune video service to the Xbox Live online game service for its Xbox 360 video game console. [more..]

Brussels - The European Commission is filing a lawsuit against Sweden for failing to implement data retention policies at ISPs and search engines, as outlined in the 2006 Data Retention Directive, Ars Technica reported. [more..]

Dallas - Video rental giant Blockbuster announced on Wednesday that it will launch a pilot program of its planned online video game rental service on June 30 in the Cleveland, Ohio area, before expanding nationwide before the end of the year. [more..]

New York - Joanna Shields has resigned as the president of AOL's People Networks, company CEO Tim Armstrong revealed in a memo to employees, published by Silicon Alley Insider. [more..]

Maynard, Mass. - 38 Studios, the game studio founded by former Red Sox pitcher Curt Schilling, announced on Wednesday that it has acquired Maryland-based Big Huge Games. [more..]

Los Angeles - In a marriage of interactive TV platform developers, Silicon Valley-based ActiveVideo Networks said on Wednesday that it will acquire Netherlands-based Avinity Systems for an undisclosed sum. [more..]

Redwood City, Calif. - Good Technology, a provider of mobile communications services, said on Wednesday that it has acquired mobile social networking firm Intercasting Corporation for an undisclosed sum.
[more..]

New York - Peer39, a developer of semantic online advertising technology, has raised $10.5 million in third round funding, TechCrunch reported. [more..]

Cambridge, Mass. - Celtra, a provider of mobile marketing services, announced on Wednesday that it has raised $1.2 million in its first round of financing, from RSG Capital. [more..]

Sunnyvale, Calif. - In the wake of major layoffs at Yahoo's video division, Satish Menon, vice president of the company's consumer platforms group, will soon leave the company, NewTeeVee reported. [more..]

San Francisco - A number of leaks appear to indicate that Apple plans to offer a 32GB iPhone in the near future, doubling the capacity of its current 16GB model, Wired.com reported. [more..]

San Francisco - Google is expected to introduce a new service that will make it easy for bloggers to add feeds of its various services, such as Google News, to their websites. [more..]

New York - Major League Baseball's MLB.com on Wednesday announced the release of its Condensed Games video recaps service to its At Bat 2009 application for Apple's iPhone. [more..]

New York - Video game publisher Take-Two Interactive has announced that one of the next expansion packs for its blockbuster "Grand Theft Auto" franchise will be entitled "Grand Theft Auto: The Ballad of Gay Tony." [more..]