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- eBay Successfully Sells Skype?Gets $1.9 Billion Cash Up Front
- eBay (NSDQ: EBAY) has closed its deal to sell VoIP service Skype for roughly $2.75 billion. The group of buyers—including Joltid Limited, Andreessen Horowitz and others—are paying $1.9 billion in cash up front, with $125 million in principal notes. eBay is retaining a 30 percent stake in Skype, as...
- External links 2009-11-19
- Amid Merger, Game Ad Firm NeoEdge Gets EA Vet Mansford As New CEO
- NeoEdge, the casual and online game advertising platform, is getting into the game development business. The company has merged with Offspring, a startup founded by a team of four EA vets, and will start creating casual and social games, as well as the ad platforms to support them. Offspring...
- External links 2009-11-19
- MySpace Gets Imeem For A Song
- Yesterday, one source familiar with the situation said it could take weeks to wind up a deal for MySpace to pick up Imeem; today, there’s a letter of agreement, as TechCrunch first reported and paidContent has confirmed. As TC reports it calls for about $1 million in cash, although...
- External links 2009-11-19
- Adknowledge Shopping Spree Continued With SocialMedia Acquisition
- Online ad firm Adknowledge has bought SocialMedia, a company that runs ad platforms on apps and games, Techcrunch reported. SocialMedia will continue to operate its ad platform on social nets, although its participating publishers’ inventory will be transferred to Adknowledge. This is Adknowledge’s fourth acquisition within the past few...
- External links 2009-11-19
- Scripps Networks Acquires 69% Stake In NDTV Lifestyle For $55 Million; The Larger Picture
- Indian broadcaster NDTV Ltd and US-based Scripps Network Interactive today said they were forming a strategic alliance in the lifestyle broadcasting space in India. As part of the deal, Scripps will acquire 69% stake in NDTV Lifestyle Ltd, with the NDTV Group retaining the rest. Scripps will pay $55...
- External links 2009-11-19
- Report: Nielsen Mag Sale Could Come Friday
- A sale of Nielsen’s b2b mag titles to James Finkelstein’s News Communications could come as soon as Friday, TheWrap continues to insist, even as the company signals it plans to keep the properties. While the Nielsen mags in question, including THR, Billboard, Adweek and others, have long been...
- External links 2009-11-19
- Chegg Raises $57 Million For Online Textbook Rental Service
- Looks like VCs are really loosening their wallets. College textbook rental service Chegg says it has raised $57 million in a fourth round of funding. It’s the latest company to pull in a big round this month; RockYou, Motley Fool, and Playdom have all raised $25 million-plus rounds over...
- External links 2009-11-19
- 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
- SEC Watch: Andresseen's Fund Will Own Less Than 5 Percent Of Skype
- EBay kicked off Tuesday with news that it’s selling Skype to an investor group for $1.9 billion in cash—and a bit of a surprise that it’s keeping a 35 percent interest. The SEC document just filed sheds a little more light on the deal, which values Skype at $2.75...
- External links 2009-09-01
- DivX Acquires Streaming Video Tech Firm AnySource For $7.5 Million, Plus Earnout
- Digital video tech firm DivX has acquired IPTV-enabler AnySource Media for a deal that’s potentially worth $15 million. DivX (NSDQ: DIVX) will pay $7.5 million in cash up front, with additional cash payments totaling $7.5 million over the next three years, if the company hits specific technical, revenue and...
- External links 2009-09-01
- Faculte Raises $2.8 Million For Video Presentation Platform
- Online video presentation startup Faculte has raised $2.8 million in a first round of funding according to an SEC filing. The company tells us that Calumet Venture Fund, along with angel investors, participated in the round. Faculte’s web-based ‘Broadcast Studio’ platform is aimed at businesses that want to set...
- External links 2009-09-01
- Infobase Picks Up World Almanac From Readers Digest's Weekly Reader Group
- In between announcing that it had most secured lenders on board for its packaged bankruptcy and actually filing, Reader’s Digest Association sold the venerable World Almanac imprint to Infobase Publishing. World Almanac, which dates back to 1868, was part of the Weekly Reader Publishing Group. No financial terms. The...
- External links 2009-09-01
- Austin Ventures & Dachis Buy Social Media Agency Headshift
- Dachis Group, the rollup vehicle funded by Austin Ventures and founded by former CEO of Razorfish Jeff Dachis, has done its first buy: London-based social media agency Headshift. AV funded the new group to the tune of $50 million, to buy companies in the corporate social networking software and...
- External links 2009-09-02
- News Corp Looking To Take Stake in Arab Media Giant Rotana
- News Corp is in talks to take a stake in Arab media and entertainment giant Rotana, owned by the Saudi Prince Al-Waleed bin Talal, reports WSJ, citing sources. The news comes shortly after Yahoo (NSDQ: YHOO) bought Arab portal Maktoob, and points to a growing interest among U.S. and...
- External links 2009-09-02
- TheFind Buys Fashion Discount Hunter iStorez
- Shopping search and recommendation site TheFind is doing some buying of its own: It’s acquiring iStorez, a site that culls retailers’ coupons and deals from e-newsletters. The terms weren’t disclosed. TheFind claims to have sent over 13 million uniques to 100,000 online stores last month, while iStorez features deals...
- External links 2009-09-02
- VOIP Startup Ooma Raises $18.6 Million In Fourth Round
- VOIP phone service startup Ooma has raised $18.6 million in a fourth round of funding, the company tells us. The round was led by Worldview Partners. Founders Fund, TD Fund, and WI Harper also participated. TechCrunch cited sources in late June as saying that Ooma had raised $14 million...
- External links 2009-09-01
- The News is NowPublic: Cit-J Site Sold To Anschutz's Examiner.com; Price Around $25 Million
- You’re reading it here first: After several months of trying to get the deal done, Citizen-J site NowPublic is about to be sold to a non-traditional buyer: local news network Examiner.com, which is controlled by Philip Anschutz’s Clarity Media Group, we have learned. The price is around $25 million...
- External links 2009-09-01
- Plum TV Adds $5 Millon In Funding; Raising $8 Million For Luxury TV Network
- Resort and luxury lifestyle TV network Plum TV has raised nearly $5.2 million worth of an $8 million second round of funding, per an SEC filing. We’ve put in a request for details on the source of the new money. The N.Y.-based company raised $20 million in its first...
- External links 2009-09-01
- RR Donnelly Takes Stake In Writing Community Helium
- Integrated media and communications company RR Donnelly has taken a small stake in Helium, a citizen journalism/social publishing startup. Financial terms were not disclosed, though an SEC filing shows that Helium recently picked up a $4.4 million investment, which could be the money invested by RRD. We’ve asked the...
- External links 2009-09-01
- Industry Moves: Khosla Ventures Confirms Hiring Of Former Facebook CFO Yu
- Former Facebook CFO Gideon Yu, who left the social network suddenly in March, is joining VC firm Khosla Ventures as a partner. Khosla confirmed Yu’s hiring in announcing that it had raised $1 billion for two new funds, which it said it would use to make “clean energy, efficiency,...
- External links 2009-09-01
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