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- Cyworld Shutting Down U.S. Service; So Much For $110 Million Earmark
- Cyworld, the Korean social giant that could, finally couldn’t. At least not in U.S. It is shutting down its U.S. service, after three years of trying, according to a notice on its site. It will shut down in entirety on Nov 23. The service, owned by SK Telecom (NYSE:...
- External links 2009-11-06
- Glam Face-Off, Round Three: French Site Warns Glam Media Off
- When we heard of the latest product launch from France’s vertical publisher and social network business Glam One—owner of the “Glam” trademark in France—we wondered whether it would be a problem for US ad network Glam Media, which is planning to launch in France next year.Glam Media told us:...
- External links 2009-11-06
- Bain Close To Buying Reed Business; Parent May Keep a Stake; Apollo May Rebid
- The sale process of Reed Business is in its final stages, as one of the two bidders left in the fray, Texas Pacific Group/DLJ combo, has dropped out of the bid, according to reports. This leaves Bain Capital as the only bidder and with a shot to buy it...
- External links 2008-12-07
- Estonia Is The First To Allow Citizens To Vote By SMS
- The Estonian Parliament will allow citizens to vote by SMS in the 2011 election, putting it on course to make it the first country to allow voting by mobile phone, AP reports. Lawmakers approved the measure last week, which will work by requiring citizens to obtain a free authorized...
- External links 2008-12-15
- Mobile Content Bits: Phelps Games On iPhone; Sprint iDEN Curve; Mobile Newspapers; REI Snow Report
- -- Michael Phelps Makes iPhone Play: Many times over Olympian record-holder Michael Phelps has inked a deal with game publisher 505 Games to develop titles for consoles and the iPhone. Developed by 505's new team in Los Angeles, the first title is expected to hit in mid 2010. The...
- External links 2008-12-15
- Video Ad Provider Overlay.TV Raises C$4.6 Million Second Round
- Video ad provider Overlay.TV has raised another C$4.6 million (US$3.7 million) in a second round funding. The backing comes from returning investors Celtic House Venture Partners, Tech Capital Partners and EdgeStone Capital Partners, who provided the Ottawa, Canada with its C$4.6 million first round back in January.Overlay.TV exited beta...
- External links 2008-12-16
- Hasbro Drops Suit Against Scrabulous Creators
- Board game marketer Hasbro has dropped its copyright infringement suit against Jayant and Rajant Agarwalla, the makers of the online version of Scrabble known as Scrabulous, AP reported. The Scrabulous app was taken down from Facebook this summer after Hasbro sued the brothers, who live in Calcutta. While Hasbro...
- External links 2008-12-16
- Disney Forms JV To Launch Russian TV Channel
- Even though the global financial meltdown has been affecting Russia as well, media companies still see enough growth potential to make entering that market worthwhile. The Walt Disney (NYSE: DIS) Company has entered into a joint venture with Russian cable company Media-One to create a free-to-air Disney channel. The...
- External links 2008-12-16
- Last.fm Gaining Mobile Momentum; Vodafone Latest To Add
- Last.fm is quickly gaining traction in the mobile world, adding Vodafone (NYSE: VOD) today to recent launches on T-Mobile and 3. The telco is making the social music site's Audioscrobbler available to Nokia (NYSE: NOK) N95, N96, N78 and 6210 handsets, allowing the site to monitor tracks being played...
- External links 2008-12-17
- Nokia And Motorola Dominate China's Smartphone Sales; BlackBerry Bold To Launch In Korea
- Apple (NSDQ: AAPL) and RIM (NSDQ: RIMM) may be eating into its share of the smart phone market in developed markets, but Nokia (NYSE: NOK) is still king of the smart phone in China, where its third quarter share of sales reached an overwhelmingly dominant 69.3 percent, according to...
- External links 2008-12-16
- France Telecom Exclusive Deal To Sell iPhone In France Banned
- In a move that France Telecom (NYSE: FTE) itself has called a "serious blow," France's Competition Council has temporarily suspended the agreement the firm has with Apple (NSDQ: AAPL) that lets its French operator Orange sell the iPhone 3G exclusively. The competition watchdog said the ban, which takes effect...
- External links 2008-12-17
- Ybrant Digital Continues Acquisition Spree; Buys Australian Ad Network Max Interactive
- Hyderabad-based digital marketing firm Ybrant Digital is continuing its acquisition spree. Close on the heels of its purchase of Argentinian ad network Dream Ad, the company today said it has acquired Australia-based ad network Max Interactive. The deal marks Ybrant's entry into the wider Asian and Pacific market. The...
- External links 2009-08-03
- 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
- Industry Moves: Mika Salmi Appointed Chairman of Sulake, Habbo's Parent
- Mika Salmi, the former global digital head for MTV Networks/Viacom (NYSE: VIA), has joined Sulake, the parent of the virtual world Habbo, as Chairman of its board. Ever since leaving MTVN earlier this year, Salmi has been on an extended break from work, but has kept in touch with...
- External links 2009-08-06
- Industry Moves: Qualcomm Gaming Exec Yuen Heads To Zeebo
- Eight-year Qualcomm (NSDQ: QCOM) vet Mike Yuen helped spearhead the development of Zeebo, the downloadable game console that debuted at this year's GDC, and now he's devoting himself to it full time. Yuen is joining the gaming company—which Qualcomm has a stake in—as its SVP of worldwide content and...
- External links 2009-08-07
- Earnings: Alibaba.com Profit Drops; Says It's "Relatively Close" To Announcing An Investment
- Alibaba.com, which has upped its marketing spending significantly, reported a 33 percent drop in quarterly profits Thursday. Revenue at the Chinese e-commerce giant jumped nearly 24 percent. Some of the drop in net income was attributable to one-time charges, but the company said it was also related to its...
- External links 2009-08-13
- Baidu Hopes New Ad System Will Give Quick Lift To Revenues, Image
- Thanks to the relative growth of China’s economy, the country’s dominant search-engine company Baidu (NSDQ: BIDU) hasn’t been hurting in terms of revenue and profits the last few quarters. But that doesn’t mean everything has been going smoothly for Baidu, the WSJ says. The company, which has 62 percent...
- External links 2009-08-20
- Alibaba Removes Classifieds Business From Yahoo China
- Yahoo (NSDQ: YHOO) is facing a setback in its plans to build market share and revenue in Asia: Alibaba Group, which runs Yahoo China and is 39 percent-owned by Yahoo, is separating classified listings business Koubei.com from Yahoo China and adding it to its own retail site Taobao.com, as...
- External links 2009-08-24
- Time Warner Ups Stake In Eidos, Will It Buy The Rest?
- Time Warner (NYSE: TWX) has increased its stake in Eidos' Lara Croft game maker SCi Entertainment, which last week renamed to Eidos Plc, as bidders continue to hover over the ailing studio. Time Warner increased its holding from 42.5 million to 52.5 million shares, or 19.92 percent of the...
- External links 2008-12-15
- Facebook Opens Paris Sales Office As Part of European Expansion
- What does Facebook want for Christmas? A greater foothold on the European ad market by the looks of things: the social network is set to open a sales office in Paris as part of plans to grow across Europe, according to Mad.co.uk. The site's commercial director for EMEA Blake...
- External links 2008-12-12
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