Buzzfeed, a NY-based trend-tracking site has raised a $3.5 million led by Hearst Interactive Media and Softbank, reports CNET. The site, which was co-founded in 2006 by HuffPo co-founder Jonah…

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Perfect Market, an Idealab-incubated company offering publishers tools to monetize archival content, has raised a $15.6 million from Trinity Ventures, Rustic Canyon Partners, Square 1 Bank, and founding investor Idealab.…

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Manufacturers’ News (MNI), a publisher of manufacturers’ directories, has acquired vertical search engine IndustryNet.com and will be merging it with its existing industrial search engine, mniguide.com. MNI, established 1912, compiles…

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The Active Network, the heavily capitalized sports technology and media company, has acquired HY-TEK Sports Software, a provider of services and tools for swimming and track & field clubs. Terms…

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As was first tipped last week, Microsoft (NSDQ: MSFT) has confirmed the acquisition of semantic search engine Powerset. The announcement was made this afternoon in posts on Microsoft’s Live Search…

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Ru-Net, the Russian internet investment firm, has acquired a 51 percent stake in IConText, a Russian contextual ad firm, reports Vedomosti (via Quintura). The deal may be valued around $7…

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In a major step forward in search technology, Adobe (NSDQ: ADBE) is working with Google (NSDQ: GOOG) and Yahoo (NSDQ: YHOO) to make Flash files searchable in online search. The…

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Yoono, a startup offering a social browser plugin, has raised a $4 million first round led by AGR Private Equity. The SF-based company is one of a number of firms…

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Well if it can’t get Yahoo’s (NSDQ: YHOO) search business… Microsoft (NSDQ: MSFT) will acquire semantic search engine Powerset for more than $100 million, according to Matt Marshall at VentureBeat.…

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BlogTalkRadio, a popular online radio hosting site which allows anyone to webcast a radio/live feed, has received $4.6 million in funding, led by The Kraft Group, the owners of the…

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Perhaps the title of the Cannes International Advertising Festival panel—“From Metrics to Brand: Online’s Next Challenge"-- was deliberately bland. But the chance to see the outspoken WPP Group’s CEO Sir…

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You almost have to wonder: with Yahoo executives all rushing for the door at the same time, could shareholders force the company back into Microsoft’s (NSDQ: MSFT) arms? Mithras Capital,…

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-- Revenue Science: Jeff Hirsh has taken on the position of CEO in addition to his current role as president, replacing Bill Gossman, who will remain on the board. Hirsch…

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When it comes to big spenders of online display ads, forget Procter & Gamble or General Motors: the biggest buyer is the University of Phoenix, a for-profit institution which devotes…

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Last November we wrote about Fatdoor, the stealth local content site from ex-Yahoo (NSDQ: YHOO) exec Jennifer Dulski but we didn’t know much beyond the fact that it had raised…

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Looks like the Technorati Monster has escaped again, gobbling up more cash… The perpetually “borked” blog search engine has raised another $7.5 million of a planned $10 million fourth round,…

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Starbucks, AT&T (NYSE: T) and T-Mobile reached an agreement, putting to rest a week-old lawsuit filed by T-Mobile that alleged that AT&T and Starbucks were not abiding by an agreement…

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SanDisk (NSDQ: SNDK), the maker of the Sansa line of MP3 players (a distant iPod competitor), has acquired MusicGremlin, a maker of technology to deliver music over Wi-Fi. Terms of…

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We missed this one last week: WPP, the online ad giant, has invested in Yield Software, a new online media buying and marketing software system...the $1.8 million WPP investment was…

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Waterfront Media, the publisher of health info site EverydayHealth, has bought out Santa Clara, CA-based search marketing company Netramind. Terms of the deal were not disclosed. Brooklyn-based Waterfront will use…

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The notion of a digital upfront similar to the annual TV dog and pony shows strikes some ad industry observers as dubious, but that doesn’t seem to stop efforts kicking…

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Later today Time goes live with a lengthy Josh Quittner look at the evolving concept of platforms—among the wonkiest subjects you can bring to a consumer news mag. (We’ll add…

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After plenty of talk about ad networks and digital incumbents, the day’s discussion at EconAds turned to the traditional agencies, and their role in the in the digital landscape. --…

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The global ad market is $600- to $800 billion—the internet takes about 8 percent. So given that relatively small slice the big news is not about share shifts, said Douglas…

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Zmags, which makes software for publishing interactive content, has raised a $4.2 million second round from OpenView Venture Partners. The Denmark-based company has now raised a total of $7 million.…

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