Westwood, Mass. - Multiplayer online game developer Turbine announced on Wednesday that it has raised $40 million in a new financing round co-led by Time Warner (NYSE: TWX) and GGV Capital.

Westwood, Mass. - Turbine, a developer and publisher of multiplayer online games, is raising a $40 million third round of venture capital financing, led by Granite Global Ventures, PEHub.com reported.

Miami - Batanga, an online media company targeting the Hispanic community, announced on Monday that it has raised $30 million in its third round of venture capital financing, led by Tudor Ventures with participation from existing investor H.I.G. Ventures.