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DMW Daily, September 24, 2009

Top Stories
o WSJ: Twitter Close to Raising $100 Million
o Nintendo Cuts Price of Wii to $199
o Report: Time Spent on Social Networks, Blogs Triples in Past Year
o Palm to Increase Size of Offering; Expects $313.1 Million
o WhoGlue Sues Facebook for Patent Infringement
o IGN Acquires Parental Game Resource What They Play
o Life Magazine Adds 1,860 Issues to Google Archives
o YellowBrix Acquires News Syndicator Screaming Media
o Shutterstock Acquires BigStockPhoto
Briefly Noted
o Sony: Sales of New, Cheaper PS3 Hit 1 Million
o Starz Adds Films From Overture, Anchor Bay to iTunes Store
o MLB's $9.99 At Bat Application Hits 400,000 Downloads
 Top Stories
o WSJ: Twitter Close to Raising $100 Million 
New York - Twitter is close to raising as much as $100 million in new funding from as many as seven investors, The Wall Street Journal reported, citing people familiar with the deal. [more..]
o Nintendo Cuts Price of Wii to $199 
Redmond, Wash. - Confirming reports from earlier this week, Nintendo officially announced on Thursday that it will knock $50 off the price of its popular Wii video game console, which as of Sunday will retail for $199. [more..]
o Report: Time Spent on Social Networks, Blogs Triples in Past Year 
New York - Internet users in August spent 17% of their surfing time on social network and blogging sites, nearly triple the percentage of time spent on such sites a year ago, according to new figures released by Nielsen.
[more..]
o Palm to Increase Size of Offering; Expects $313.1 Million 
Sunnyvale, Calif. - Smartphone maker Palm has increased the size of its previously announced public offering, and now plans to sell 20 million shares at $16.25 each. [more..]
o WhoGlue Sues Facebook for Patent Infringement 
Palo Alto, Calif. - A Baltimore-based company has filed suit against Facebook for allegedly infringing on its two-year-old patent, Bloomberg reported. [more..]
o IGN Acquires Parental Game Resource What They Play 
Los Angeles - News Corp.'s IGN Entertainment gaming unit announced on Thursday that it has acquired What They Play, a two-year-old site designed for parents and families looking for information about interactive entertainment. [more..]
o Life Magazine Adds 1,860 Issues to Google Archives 
New York - More than 1,860 issues of Life magazine have been added to Google's digital archives as part of the company's massive book-scanning project. [more..]
o YellowBrix Acquires News Syndicator Screaming Media 
Alexandria, Va. - YellowBrix, a provider of targeted industry news and business information services, said on Thursday that it has acquired New York-based Screaming Media, which provides syndicated news to Internet and wireless services, from owner Dow Jones & Company.
[more..]
o Shutterstock Acquires BigStockPhoto 
New York - Shutterstock, a subscription-based stock photo agency, announced that it has acquired BigStockPhoto, a credit-based stock photo agency. [more..]
 Briefly Noted
o Sony: Sales of New, Cheaper PS3 Hit 1 Million 
Tokyo - Sony has announced that sales of its new, cheaper $299 PlayStation 3 model have hit 1 million in the three weeks since the device was launched. [more..]
o Starz Adds Films From Overture, Anchor Bay to iTunes Store 
New York - Starz Digital Media announced that it has made classic movies from Overture Films, Anchor Bay Films, Anchor Bay Entertainment and Manga Entertainment available for both rental, and purchase and download from Apple's iTunes Store. [more..]
o MLB's $9.99 At Bat Application Hits 400,000 Downloads 
New York - Major League Baseball Advanced Media's $9.99 At Bat application for Apple's iPhone has to date been downloaded more than 400,000 times, Ad Age reports. [more..]