New York - Vringo, a video ringtone sharing service, announced on Tuesday that it has raised $12 million in its second round of financing, led by Warburg Pincus.

Los Angeles - Elevation Partners, the private equity firm whose partners include U2 singer Bono, announced on Wednesday its acquisition of SDI Media Group, a provider of foreign language subtitling and dubbing services for the entertainment industry, from Warburg Pincus.