Media Business News and Trends

Technology publisher Ziff Davis Media has been acquired by former Time Inc. executive Vivek Shah in partnership with Boston-based Great Hill Partners. According to The Wall Street Journal, Shah and his partners paid in the neighborhood of $150 million for the company.

Posted Jun 08, 2010

Yippy, Inc. announced its new company name and a stock symbol change. Previously known as Cinnabar Ventures, Inc., Yippy, Inc. will henceforth use the stock symbol YIPI. The company will continue to provide parents with a family friendly "cloud" environment through the company's Application Service Environment (ASE) and Web Operating System (WOS).

Posted Jun 03, 2010

San Mateo-based startup Sharegrove announced that it has been acquired by social networking giant Facebook. Sharegrove is a group chatting client that provides a way for online friends to have private conversations through the web, including sharing of websites and various forms of multimedia. It also featured built-in search functions and Facebook friends list interconnectivity.

Posted Jun 03, 2010

Axceler, a provider of administration software for Microsoft SharePoint, acquired echoTechnology, a company that provides SharePoint migration services. The deal was made with an eye toward providing customers with both administration and migration services, two important considerations as the market moves toward SharePoint 2010.

Posted Jun 01, 2010

Oracle announced the acquisition of the intellectual property assets of Market2Lead, a provider of demand generation and marketing automation software. Market2Lead's technology helps companies improve demand generation to increase sales and marketing effectiveness. Oracle announced that it plans to integrate Market2Lead's technology into Oracle CRM applications.

Posted May 27, 2010

Yahoo! announced the acquisition of Koprol, an Indonesian social networking site that lets users "check in" to locations and share information, photos, and reviews about physical locations. The service also features restaurant and shop reviews based on user feedback.

Posted May 27, 2010

Google and Global IP Solutions (GIPS) announced that they have entered into a transaction agreement under which Google Acquisition Holdings Inc., a wholly owned subsidiary of Google, will make a recommended voluntary public cash offer to acquire all the issued and to be issued shares of GIPS.

Posted May 20, 2010

Awareness Technologies, creators of the InterGuard SaaS-based unified internal threat management platform, announced that the company has raised $6.5 million in capital through the involvement of former Perimeter eSecurity CEO Brad Miller and First New England Capital (FNEC), a Connecticut-based private equity firm.

Posted May 20, 2010

LibreDigital announced that it has closed an $8.1 million Series C funding round led by new investor S3 Ventures, with participation from existing investors Adams Capital Management and Triangle Peak Partners. The company's other key investors include HarperCollins Publishers, The New York Times Company, and Noro-Moseley Partners.

Posted May 20, 2010

Yahoo announced the purchase of Associated Content, a website that commissions freelance writers and video producers to create a variety of content on different topics. The site was founded in 2005 to serve as an open content economy and database. The site has more than 350,000 contributors.

Posted May 20, 2010

While certain segments of the economy are rebounding, the content industry has continued to struggle to get back on its feet. With that in mind, many of the top executives from companies across the content spectrum gathered on April 18-20 at the 11th annual Buying & Selling eContent conference in Arizona to discuss Reigniting the Content Economy.

Posted May 19, 2010

Geo-social aggregator The Hotlist closed $800,000 in angel financing led by Centurion Holdings. The funding money will go toward supporting The Hotlist's platform development and formation of an expanded service suite.

Posted May 18, 2010

KIT digital, Inc. executed a definitive agreement to acquire Sinigapore-based Benchmark Broadcast Systems Pte. Ltd. The deal gives KIT digital all of Benchmark's shares in exchange for a total of $4.5 million in cash and $5.0 million in KIT digital common stock given directly to the company, as well as approximately $1.1 million paid to employees over two years.

Posted May 18, 2010

Online studying social network Grockit completed a $7 million round of funding led by Atlas Venture. Existing investors Benchmark Capital and Integral Capital Partners also participated.

Posted May 18, 2010

Yippy, Inc., announced the completed acquisition of Clusty.com, a metasearch engine developed by Vivisimo. Yippy, formerly known as Cinnabar Ventures, Inc., is a Fort Myers, Fla.-based company that develops technologies and application services environments for both consumer and commercial market segments in the cloud computing sector.

Posted May 18, 2010

Huddle announced that it closed a $10.2 million Series B round of funding led by Matrix Partners, with existing investors Eden Ventures and Huddle chairman Charles McGregor also on the list of participants. Huddle is a cloud computing and collaboration company that counts Procter & Gamble, Disney, and HTC among its customers.

Posted May 18, 2010

Publicis Groupe has announced the purchase of 7,500,000 shares of its own stock from Dentsu Inc., in order to cancel the block of shares. The acquisition was carried out for a total of EUR 217,500,000, at EUR 29 per share. The purchase was financed with available cash.

Posted May 13, 2010

Agora Technology, a Houston-based business group, announced the purchase of two webistes, TweepML and Qwitter, that provide external services on Twitter that are not available on the microblogging site's main page. TweepML is an extensible, open standard format that allows users to manage, share, and follow groups of Twitter users.

Posted May 11, 2010

Cenveo, Inc. entered an agreement to acquire Glyph International from Infomedia 18 Limited. Glyph, which operates in New Delhi and Bangalore, India, as well as in London and Fort Lauderdale, Fla., specializes in full suite content production, from project management through editorial, composition, artwork, and XML creation.

Posted May 11, 2010

A lawsuit from Finnish mobile phone giant Nokia alleges that Apple infringed on five of its patents in the production of the iPhone and iPad. This suit follows an October lawsuit in which Nokia accused Apple of infringing on 10 of its patents.

Posted May 11, 2010

Multisource video news service Newsy raised $2 million in its second round of funding. Newsy culls news video from different sources and analyzes it to highlight differences in reportage.

Posted May 06, 2010

Social commerce company LivingSocial announced that it has completed a $14 million Series C round of venture funding led by Lightspeed Venture Partners, with additional participation from U.S. Venture Partners, Grotech Ventures, and Steve Case's Revolution, LLC. LivingSocial will use the capital infusion to expand into additional markets.

Posted May 04, 2010

BumpTop, a startup that created software that enhances the desktops of both PCs and Macs, announced that it has been acquired by Google and will no longer be selling its application. The application will be freely available for download for one more week, while end-of-life support is being provided for paying customers.

Posted May 04, 2010

Attensity Group, a developer of business user applications that generate value from unstructured data, announced the execution of a definitive agreement to acquire Biz360 Inc., a provider of social media monitoring and market intelligence solutions. The company hopes that the acquisition will significantly enhance its ability to track and benefit from online conversations.

Posted Apr 29, 2010

KIT digital, Inc., a provider of on-demand software solutions for managing video assets, closed a sale of 4,230,770 shares of common stock at $13.00 per share. The sale resulted in gross proceeds to the company of $55 million, with net proceeds of $50.3 million after underwriting discounts, commissions, legal fees, and other expenses.

Posted Apr 29, 2010

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