San Francisco - Online social network Hi5 announced on Monday that it has acquired PixVerse, the provider of a Flash-based, no-download virtual world platform for social networks.

London - Major record label EMI has filed copyright infringement litigation against online social network Hi5, video site VideoEgg, and ten undisclosed John Doe defendants, TechCrunch reported.

San Francisco - Social networking site Hi5 has raised $20 million in a new round of venture capital financing, led by Mohr Davidow Ventures, TechCrunch reported.