Bloomberg reports that Telefonica took advantage of an 18 percent increase in its shares in the past month, to raise almost 975 million Euros ($1.3 billion) after selling treasury stock to lower the Spanish carrier’s debt. Read More
Bango, the mobile web payment and analytics company, announced it has secured a £6.5 million investment round (approximately US$10.2 million) to be used to finance further development of its business. Bango is a provider of carrier billing services to Facebook, Telefonica, Amazon, Google, Blackberry, Opera and others. Read More
With filmmaker J.J. Abrams as his principle investor, former WME board member John Fogelman formally launched FactoryMade Ventures, a hybrid entertainment, media business development and consulting firm. The company already has alliances with Telefonica, Hasbro, RTL Group and Intel. Read More
Haarlem, The Netherlands – The shareholders of Lycos Europe, the portal and Web hosting service, voted this week to liquidate the company and return $66.7 million in proceeds from asset sales to shareholders, PaidContent UK reports.
The joint venture between Telefonica’s Terra, Bertelsmann and Lycos Europe CEO Christoph Monn will sell off its domain name registrar, e-commerce portal and Danish website.
As a result of the liquidation, about 500 of 700 staff are being laid off.
Related Links: http://snipurl.com/7v5wx (PaidContent UK)
http://www.presseportal.ch/de/meldung/100575079
http://snipurl.com/7v5i8 (DMW previous coverage)
http://www.lycos-europe.com
.Haarlem, The Netherlands – Lycos Europe, the portal and Web hosting service, said on Wednesday that it has concluded a strategic review process and will shut down operations and seek a sale of remaining assets. The company is separate from Lycos in the U.S., and was launched as a joint venture between Telefonica’s Terra and Bertelsmann.
"As a result of this strategic review process the Management Board and the Supervisory Board of Lycos came to the conclusion that the best available [...].
San Diego - Eventful, an online local event listings service, announced on Wednesday that it has secured a $10 million third round of financing, led by Telefonica with participation from previous investors Draper Fisher Jurvetson and Bay Partners.
San Diego-based Eventful said it counts nearly 8 million registered users for its service, which is used by over 50,000 performers.
The company sends over 40 million permission-based emails, and counts 100 million widget views each month.
Eventful will use the funds to expand sales and marketing, increase mobile initiatives and [...].
Redwood City, Calif. – Amobee Media Systems, a provider of mobile ad delivery technology, announced on Wednesday that it has raised an undisclosed sum of new funding, from investors including Motorola (NYSE: MOT), Cisco Systems (NASD: CSCO), Telefonica, Vodafone, Accel Partners, Globespan and Sequoia Capital.
The company also said it hired Gary Schofield, former president at mobile content publisher Digital Chocolate, as its new president and chief operating officer.
Redwood City, Calif.-based Amobee dynamically inserts relevant ads into all mobile entertainment and communication channels, including video, music, messaging, games and [...].
