Internet, Acquisitions

Cisco Acquires Social Networking Tech Firm Five Across

Authored by Mark Hefflinger on February 9, 2007 - 8:57am.

San Jose, Calif. - Networking equipment maker Cisco Systems on Friday announced its first foray into the social networking space, with its acquisition of Five Across, a developer of technology that lets companies augment their websites to add social networking and user-generated content functionality.

Cisco to Pay $830 Million for Spam Blocker Firm IronPort Systems

Authored by dmw on January 4, 2007 - 11:02am.
San Jose, Calif. - Cisco, the San Jose-based network equipment giant, said on Thursday that it will pay $830 million in cash and stock to acquire IronPort Systems, a San Bruno-based maker of messaging security appliances focusing on spam and spyware protection for large organizations.

Number of IPOs Soars in Fourth Quarter; M&A Activity Levels Off

Authored by dmw on January 3, 2007 - 11:43am.
San Francisco – The fourth quarter was the most active of the year for U.S. venture-backed companies looking for public market exits, with 18 initial public offerings (IPOs) raising a total of $1.23 billion, according to new figures from Dow Jones VentureOne.

Atlas Acquires Online Ad Technology Firm Accipiter for $30.3 Million

Authored by Mark Hefflinger on December 12, 2006 - 12:08pm.
Raleigh, N.C. - Accipiter, a privately held provider of online advertising technology, has been acquired for $30.3 million by Atlas, the Seattle-based technologies business unit of aQuantive.

Washington Post Company Sells Its Post Newsweek Tech Media Unit

Authored by Mark Hefflinger on December 8, 2006 - 2:05pm.
Washington - The Washington Post Company has agreed to sell its government publishing and events group, Post Newsweek Tech Media, to California-based 1105 Media Inc, a business-focused media company.

Fast Search & Transfer Acquires Platefood for $10.7 Million

Authored by Mark Hefflinger on November 28, 2006 - 2:57pm.
Oslo, Norway - Fast Search & Transfer (FAST), a developer of search technologies, announced on Tuesday that it has acquired Platefood Limited, a provider of online search and search-based advertising services to media firms, for $10.7 million in cash.

Yahoo to Acquire Online Talent Competition Site Bix.com

Authored by Mark Hefflinger on November 17, 2006 - 1:28pm.
San Francisco - Yahoo plans to acquire Bix.com, a site that lets anyone create an online talent contest, for an undisclosed sum, The New York Times reported on Friday. Palo Alto, Calif.-based Bix was founded in January and launched its service in August, having raised $6.8 million in venture capital.

LodgeNet Acquires Hotel Broadband Firm StayOnline for $15 Million

Authored by Mark Hefflinger on November 15, 2006 - 2:58pm.
Sioux Falls, S.D. - LodgeNet, a provider of in-room broadband and interactive entertainment to hotels, announced on Wednesday that it will acquire the assets of StayOnline, an Atlanta-based provider of hotel broadband, for $15 million in cash.

HandHeld Entertainment Acquires Dorks.com for $1.5 Million

Authored by Mark Hefflinger on November 14, 2006 - 2:34pm.
San Francisco - HandHeld Entertainment, a maker of portable media players, said on Tuesday that it has acquired Seattle-based Dorks.com, an aggregator of user-generated content, for $1.5 million. The deal includes $500,000 in cash, and the remainder in the form of a five-year, $1 million note, convertible to Handheld's stock.

AOL Acquires Search Technology Firm Relegence

Authored by Mark Hefflinger on November 8, 2006 - 1:06pm.
Dulles, Va. - AOL said on Wednesday that it has acquired Relegence, a New York-based developer of financial news and information search technology. Financial terms of the deal were not disclosed. Relegence and its 60 employees will continue to be headquartered in New York, with offices in London and Tel Aviv.

FTC, DOJ Approve Google's $1.65 Billion YouTube Acquisition

Authored by Mark Hefflinger on November 6, 2006 - 7:20pm.
Washington - The Federal Trade Commission (FTC) on Friday approved Google's $1.65 billion acquisition of video-sharing site YouTube. The FTC and Justice Dept. said they completed their antitrust reviews of the deal and will take no further action.

Penthouse Acquires Adult Sites Danni Ashe, Video Bliss

Authored by Mark Hefflinger on November 1, 2006 - 2:53pm.
Boca Raton, Fla. - Penthouse Media Group, the publisher of adult content, has acquired Danni Ashe Inc. and Video Bliss Inc., the owners and operators of a popular adult website that has been online since 1996. Financial terms were not disclosed.

Wired Digital Acquires News Aggregation Site Reddit.com

Authored by Mark Hefflinger on October 31, 2006 - 2:33pm.
San Francisco - Wired Digital, the San Francisco-based online home of Wired magazine and Wired News, said on Tuesday that it has acquired Boston-based Reddit.com, a social aggregation news site that allows users to select and rank Web content.

Google Acquires Wiki Online Collaboration Developer JotSpot

Authored by Mark Hefflinger on October 31, 2006 - 2:26pm.
Mountain View, Calif. - Google announced on Tuesday that it has acquired JotSpot, a company developing a platform for creating wiki-based applications used for online collaborations. Financial terms of the transaction were not disclosed.

Fortune: Yahoo in Talks to Buy AOL

Authored by Mark Hefflinger on October 30, 2006 - 2:44pm.
Sunnyvale, Calif. - Hoping to jumpstart talks that initially died about a year ago, Yahoo may be again considering a bid for AOL, according to a report from Fortune. The magazine's website said that multiple sources have confirmed the company's talks with AOL parent Time Warner, though a source close to Yahoo denied them.

Report: Group Led by Ted Venetoulis Looking to Buy Baltimore Sun

Authored by Mark Hefflinger on October 27, 2006 - 2:54pm.
Baltimore - A group led by former Baltimore County Executive Ted Venetoulis is hoping to buy The Baltimore Sun from owner Tribune, The Washington Post reported on Friday.

Venetoulis, whose Baltimore Media Group also includes local civic leader Walter Sondheim Jr. and Robert Embry Jr., the president of Baltimore's Abell Foundation, said that he's hoping to return the paper to private ownership to restore some of the quality that has been lost over the years as a result of increased budget concerns.

Jupitermedia Acquires Spanish Image Distributor

Authored by Mark Hefflinger on October 27, 2006 - 2:44pm.
Darien, Conn. - Jupitermedia, the provider of original information, images and digital content, said on Thursday that its Jupiterimages division has acquired Cover - Imagen y Publicaciones, a Spain-based distributor of local and international rights-managed images. Financial terms of the deal were not disclosed. The acquisition gives Jupiterimages, which already owns a library of more than 7 million online images online, about 1.5 million more images that are distributed in Spain. Alan Meckler, the chairman and CEO of Jupitermedia, said that the deal will help his company grow its presence in Spain, just as it has in France and Germany over the past year.

Report: AOL Exploring Acquisitions in Europe

Authored by Mark Hefflinger on October 20, 2006 - 2:05pm.
Dulles, Va. - Looking to further strengthen its online advertising business, AOL is planning to make acquisitions in Europe, a German newspaper reported on Friday. Jonathan Miller, the CEO of AOL, told the Frankfurter Allgemeine Zeitung newspaper, "We're actively searching for Internet firms. There are good opportunities here." Miller did not reveal any specific acquisition targets.

Yahoo to Acquire AdInterax; Invests in Right Media

Authored by Mark Hefflinger on October 18, 2006 - 1:47pm.
Sunnyvale, Calif. - In a pair of major deals in the Internet advertising space, Yahoo has announced an agreement to acquire AdInterax, a New York-based provider of rich media advertising technology to online publishers, as well as an investment in New York-based Right Media, operator of an open media exchange. The company will pay an undisclosed amount for AdInterax, and plans to offer its rich media creative assembly and campaign management tools directly to marketers at no charge as part of its graphical advertising offerings. The AdInterax tracking and reporting module tracks traditional metrics including impressions, clicks, and reach and frequency, in addition to other key branding and direct marketing data. Yahoo also has purchased a 20% stake in Right Media, operator of an online exchange that allows ads to be auctioned to the highest bidder. More than 2 billion impressions are traded daily on the exchange, which Yahoo, itself, plans to join. Right Media raised a total of $45 million in its second round.

Time Warner to Sell AOL Business in U.K. for $688 Million

Authored by Mark Hefflinger on October 12, 2006 - 1:17pm.
Dulles, Va. - Media giant Time Warner has struck a deal to sell its AOL Internet access business in the United Kingdom for $688 million to Carphone Warehouse Group, a mobile phone retailer and provider of residential telecom services in Europe. AOL has about 2.1 million ISP customers in the U.K. Dick Parsons, the chairman and CEO of Time Warner, said that the deal "completes the restructuring of our AOL Europe businesses." AOL has been moving away from its Internet access roots and migrating toward an advertising-supported business model.