VC+M&A

BREAKING: Icahn To Launch Proxy Fight, Nominate Full Yahoo Board Slate: Report - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 02:02 PM PST

Carl Icahn has decided to fight a proxy battle with Yahoo (NSDQ: YHOO) and file a full board slate, Reuters is reporting, citing sources. The names could be announced as…

Comcast Acquiring Social Networker Plaxo; $175 MIllion Range - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 03:33 PM PST

Comcast (NSDQ: CMCSA) has acquired social networker Plaxo in the range of $175 million, both TechCrunch and Reuters are reporting. More to come

SheKnows Acquires Pregnancy Site PregnancyAndBaby - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 01:00 PM PST

SheKnows, the network of women sites owned by AtomicOnline has acquired PregnancyAndBaby, a pregnancy-related community site. The deal, the terms of which were not disclosed, follows a long string of…

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Icahn Watch: Yahoo Shareholders Wait For The Next Move - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 10:08 AM PST

What are Yahoo shareholders doing today? They’re hitting reload on their browsers every second looking for some word on what Carl Icahn plans to do with his reported 50 million-share…

Virgin Mobile Confirms Talks With SK Telecom - 0 Comments
Posted By Staci D. Kramer - Wed 14 May 2008 07:34 AM PST

A day after sticking with “no comment” as a response, Virgin Mobile USA finally admits the news we broke last week—it’s in discussions with SK Telecom (NYSE: SKM). Rafat first…

Accenture Buys Digital Video Services Company Origin Digital - 1 Comment
Posted By Rafat Ali - Wed 14 May 2008 07:25 AM PST

Accenture, the global management consultancy form, has bought out Origin Digital (OD), the New Jersey-based digital video services firm. The firm will use OD’s expertise in online, mobile and IPTV…

Lycos Europe To US: Don’t Worry About The Numbers, Just Buy Us - 0 Comments
Posted By Robert Andrews - Wed 14 May 2008 04:11 AM PST

Lycos Europe, which last month put itself up for sale after failing to offer a compelling website for several years, is hoping a US company will make an offer. In…

It’s Official: Clear Channel, Banks, Buyers Agree On Deal At $36 Per Share - 0 Comments
Posted By Joseph Weisenthal - Wed 14 May 2008 03:08 AM PST

After two days worth of reports, Clear Channel (NYSE: CCU) confirmed late last night that it, its private equity buyers (Bain and Thomas H. Lee), and a consortium of banks…

TNS To WPP: What Part Of No Don’t You Understand? - 0 Comments
Posted By David Kaplan - Tue 13 May 2008 03:26 PM PST

Despite increasing its bid to $1.938 billion (£996 million) from $1.844 billion (£948 million), WPP Group has been rejected a second time by audience measurement firm Taylor Nelson Sofres, The…

Earnings: Electronic Arts Revs Up Strong; Net Income Passes Estimates - 0 Comments
Posted By Joseph Weisenthal - Tue 13 May 2008 01:02 PM PST

With a hostile bid for Take-Two still out there, video game maker Electronic Arts (NSDQ: ERTS) has reported quarterly revenue of $1.12 billion, an 84 percent rise from $613 million…

Deal Reached For Clear Channel Sale At $36 Per Share: Reports - 1 Comment
Posted By Joseph Weisenthal - Tue 13 May 2008 12:44 PM PST

It looks like a deal has been reached in the Clear Channel (NYSE: CCU) case. The company said yesterday that there were indeed settlement talks between the buyers and the…

Updated: Icahn May Launch Yahoo Proxy Fight: Reports - 0 Comments
Posted By Joseph Weisenthal - Tue 13 May 2008 11:36 AM PST

This would certainly shatter the uneasy calm at Yahoo: CNBC is reporting that billionaire investor/gadfly Carl Icahn may launch a proxy fight at Yahoo (NSDQ: YHOO), and according to their…

Sensing Opportunity For Eco-Centric News, Greentech Media Closes $2.75 Million Second Round - 1 Comment
Posted By David Kaplan - Tue 13 May 2008 06:26 AM PST

Greentech Media, the online environmental news and research outfit, has raised $2.75 million in a second round funding. New backers Egora Holding and The Massachusetts Green Energy Fund co-led the…

Social Gaming Network Raises $15 Million; More Money For Social Net Apps - 0 Comments
Posted By Joseph Weisenthal - Tue 13 May 2008 06:11 AM PST

Another big round in the social apps space, as Social Gaming Network has raised a $15 million first round from Greylock Partners, the Founders Fund, Columbia Partners, and Novak Biddle…

Earnings: Sirius Q1 Revs Up 33 Percent; Unlike At XM, Loss Narrows - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 01:04 PM PST

Following a weak earnings report from its fiancé XM (NSDQ: XMSR), Sirius (NSDQ: SIRI) announced Q1 revs of $270.4 million 33 percent higher than $204 million in the year-ago quarter.…

Bigfoot Networks Raises $8.75 Million Second Round To Kill Gaming Lag - 2 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 11:15 AM PST

Bigfoot Networks, a company that offers a special gaming card that combats lag in multiplayer online games, has raised an $8.75 million second round from North Bridge Venture Partners, Palomar…

Media Intelligence Firm Biz360 Raises $10 Million - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 10:35 AM PST

Biz360, a market and media intelligence firm specializing in the web, has raised $10 million Foundation Capital, along with past backers Granite Ventures and Scale Venture Partners. According to peHUB,…

Update: Clear Channel In Settlement Talks With Banks To Fund Buyout; No Agreement Yet - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 09:21 AM PST

Update: Clear Channel (NYSE: CCU) has responded to the report, saying settlement talks have been initiated, but that no agreement has yet been reached. The announcement doesn’t specify any price,…

Thomson Reuters and RIM Launch $150 Million Mobile App Fund - 0 Comments
Posted By Dianne See Morrison - Mon 12 May 2008 08:44 AM PST

In a strange but logical pairing, RIM (NSDQ: RIMM), the makers of Blackberry, along with media giant Thomson Reuters (NASDAQ: TRIN), is launching a $150 million venture capital fund that…

Cumulus Take-Private Deal Falls Through; Stock Off Over 20 Percent - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 08:28 AM PST

While the Clear Channel mess gets dealt with in court, the deal to take radio operator Cumulus Media private has collapsed. Shares of the company are off over 20 percent…

Harvard-Oriented Mag 02138 Sold To Manhattan Media; Plans More Ivy-Focused Titles And Social Nets - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 06:48 AM PST

02138, the Harvard-oriented lifestyle magazine launched by Atlantic Media, has been sold to NY-based luxury publisher Manhattan Media for an undisclosed sum. That 02138 was on the block was known,…

Earnings: XM Q1 Revs Up 17 Percent; Losses Expand; Estimates Missed As SAC Increases - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 05:42 AM PST

As it waits and waits for approval to merge with Sirius (NSDQ: SIRI), XM (NSDQ: XMSR) reported Q1 revenue of $308 million, a 17 percent increase from $264 million in…

It’s Official: Cablevision Confirms Newsday Acquisition; Acquiring 97 Percent For $632 Million - 0 Comments
Posted By Joseph Weisenthal - Mon 12 May 2008 05:04 AM PST

As expected, Cablevision (NYSE: CVC) has won the Newsday-stakes, and will acquire 97 percent of the Tribune-owned paper for $632 million. Tribune will get another $18 million related to prepaid…

Updated: News Corp. Withdraws Bid For Newsday; Cablevision Founder C. Dolan Confident; Deal Today? - 1 Comment
Posted By Tricia Duryee - Sun 11 May 2008 11:42 PM PST

Update: A slew of reports Sunday from a variety of media outlets (who could all be talking to the same person as far as we know) claiming that a deal…

Online Video Solutions Provider Veodia Raises $8.3 Million First Round - 1 Comment
Posted By David Kaplan - Sun 11 May 2008 09:01 PM PST

Online video broadcasting service Veodia has raised a $8.3 million first round designed to support the company’s marketing and technology. Investors included Clearstone Venture Partners, the D. E. Shaw group,…