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- eBook Distributor Smashwords Buys Online Self-Publisher BookHabit
- Smashwords, which was one of the first eBook distributors to be have its self-publishing platform included in the new Sony (NYSE: SNE) digital bookstore, has acquired author community site Bookhabit. Terms weren’t disclosed, but a source told paidContent the deal was done for just under $1 million.Both companies were...
- External links 2009-11-19
- HIG Capital Acquires VNU Media Stake
- Private investment firm HIG Capital has taken a major stake in Dutch B2B publisher VNU Media, alongside majority shareholder, PE firm 3i. Reuters.com reports that the deal comes as part of a restructuring of VNU, which took on ?200 million (£170 million, $288 million) in debt when 3i bought...
- External links 2009-08-03
- Yahoo Sells 1.4 Stake In Alibaba's Website For $150 Million; Stake In Parent Company Unaffected
- Now that restrictions related to the sale of Alibaba’s stock have been lifted, Yahoo (NSDQ: YHOO) is unloading its 1.4 percent stake in China e-commerce site Alibaba.com for $150 million, WSJ reported. The sale in the site is separate from the roughly 40 percent stake Yahoo holds in its...
- External links 2009-09-14
- Chaney's Zattikka Acquires Mobile, Casual Game Developer Gimme5Games
- Zattikka, the new gaming company founded by former Virgin Interactive President Tim Chaney, has made its first acquisition: casual and mobile game developer and distributor Gimme5Games. Financial terms were not disclosed, though Gimme5’s three employees—including founder and Eidos vet Matt Spall—are joining as part of the deal. Chaney pictured...
- External links 2009-09-10
- Yahoo's Bartz On Alibaba Stake: 'Very Good Investment For The Future'
- There may be growing tensions between Yahoo (NSDQ: YHOO) and Alibaba Group—but don’t look for Yahoo to sell its 44 percent stake in the company any time soon or to offload its other Asian investments for that matter. During an interview on CNBC, CEO Carol Bartz described the Alibaba...
- External links 2009-09-10
- DST Creates Russian Online Powerhouse By Merging Mail.ru And Astrum
- Digital Sky Technologies DST, the Russian firm that recently paid $200 million for a two percent stake in Facebook, is playing puppet-master yet again. It’s merging Mail.ru, one of Russia’s most popular online portals, with massively-multiplayer online MMO game developer Astrum Online Entertainment, according to Vedomosti via Quintura. It...
- External links 2009-09-10
- Nielsen Buys Online Audience Measurement Firm Koreanclick
- With Asia’s online audience and ad revenues still seeing healthy growth, The Nielsen Company has acquired South Korean audience measurement firm KoreanClick. The acquisition will give Nielsen access to 30 markets in the region and South Korea’s roughly 40 million web users. The firm launched about nine years ago....
- External links 2009-09-09
- Century 21 Canada Sues Rogers Communications' Real Estate Site Over 'Data Scraping'
- With the bitter housing market making business tough for real estate agents, Century 21 Canada has filed a lawsuit against a new home sales search engine owned by Canadian cable and telecom giant Rogers Communications, the Financial Post reports. The site in question, Zoocasa, was launched by Rogers about...
- External links 2009-09-08
- France Joins Germany In Google Books Protest
- First Germany, now France. Nicolas Sarkozy’s government has written to a US court urging it to stop a $125 million settlement between Google (NSDQ: GOOG) and US book publishers, warning that Google will have unfair control over European works and a “monopoly on digitising European orphan works without permission”...
- External links 2009-09-08
- Russia's Yandex Valued At $1.1 Billion After Selling Nine Percent Stake
- Number-one Russian internet site and search engine Yandex is selling a nine percent stake to three private equity funds for about $100 million, valuing the firm at $1.1 billion, reports Russia’s Vedomosti paper via Yakov, citing an investment banker. Yandex has not yet confirmed the report to us.Is this...
- External links 2009-09-15
- Havas Joins Google's Real-Time Ad Bidding
- Havas is finally ready to join the other leading ad holding companies in offering real-time ad bidding to its clients, Adweek reports. The French ad firm is working with start-up ad exhange provider DataXu, which raised $6 million in a first round in the spring. The news is timed...
- External links 2009-09-16
- PCCW Boss Richard Li Launching Subscription-Only Chinese News, Data Service
- Richard Li, chairman of Asian telco PCCW and son of billionaire Li Ka Shing, plans to launch a subscription-based finance news and data service covering China’s burgeoning economy in the next month. As Asiasentinel.com reports, the Hong Kong-based China Indepth is the middle of a hiring spree, advertising for...
- External links 2009-09-18
- Would-Be Pirate Bay Buyer Faces Bankruptcy Filing
- After being kicked off the Swedish stock market for not providing evidence of the funds needed to buy giant BitTorrent tracker The Pirate Bay, Sweden’s Global Gaming Factory X is facing a bankruptcy filing from a former director claiming to be owed more than SEK1.3 million (£116,000).As TorrentFreak, the...
- External links 2009-09-21
- Dow Jones Closing Pioneering Far Eastern Economic Review; Calls Losses 'Unsustainable'
- Dow Jones (NYSE: NWS) is closing the historic Far Eastern Economic Review in December, saying the “continued losses in advertising revenue and readers are now unsustainable.” The company introduced the news with by with the statement starting this fall, it “will focus on its core publications to better serve...
- External links 2009-09-21
- Google Now Defending Books Project In French Court
- Before Google’s book-scanning project has even gone to court in the US, the company is already defending itself in a French court against claims the project rides roughshod over copyright.Editions du Seuil SAS on Thursday asked a Paris court for ?15 million ($22 million) in compensation and an injunction...
- External links 2009-09-24
- Shanda's Gaming Spinoff IPO to Open Tomorrow Morning; Expected Raise $1 Billion
- Shanda (NSDQ: SNDA) Games, the online gaming spinoff from the big Chinese portal company, is teaching something to the U.S. companies: it is slated to debut its IPO tomorrow morning on Nasdaq, and expected to raise just over $1 billion in it. This will make it the biggest ...
- External links 2009-09-25
- Australia's Yahoo7 Buys Travel Site TotalTravel for $17 Million
- Yahoo7, the online portal in Australia that is a joint venture between Yahoo (NSDQ: YHOO) and Channel Seven, has done its first acquisition since it launched in 2006: it has bought online travel information site Totaltravel.com for $17 million. The travel site will be merged with Yahoo7’s own travel...
- External links 2009-09-28
- Shanda's Lukewarm IPO Fails To Live Up To The Hype
- Shanda Games can lay claim to the title of the biggest U.S. IPO so far in 2009—but the gaming company still failed to live up to the tremendous hype around its launch. A spinoff of Shanghai-based Shanda Interactive Entertainment, the newly-public company priced its shares at $12.50 upon opening...
- External links 2009-09-28
- Industry Moves: Google China President Kai-Fu Lee Stepping Down
- Kai-Fu Lee is preparing to leave Google (NSDQ: GOOG) as president of search giant’s China operations, the WSJ confirmed, following earlier reports on Twitter. Two Google execs will take over Lee’s responsibilities: Boon-Lock Yeo, currently director of Google’s Shanghai engineering office, will run engineering for the China unit; and...
- External links 2009-09-04
- Shanda Spining Off Gaming Unit in IPO on Nasdaq; $800 Million Expected
- Shanda Interactive Entertainment (NSDQ: SNDA) , the Chinese digital entertainment company, is following the footsteps of its rival company Sohu (NSDQ: SOHU), and is planning to spin off its gaming unit for an IPO on Nasdaq, the company announced today. The IPO is expected to raise as much as...
- External links 2009-09-04
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