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Mobile Ad Net Todacell Raises Additional $1 Million For Global Expansion

Mar 9, 2010 9:12 AM

Smartphone ad network Todacell has added another $1 million in funding to an existing $1 million round the Tel Aviv-based company raised back in June. Israeli VC AfterDox, which provided the last $1 million, also ponied up the same amount this time as well. In addition to the $2 million…

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Posted In: Advertising, Mobile, Money, M&A & Venture Capital, Venture Capital, Countries, Middle East / Persian Gulf, afterdox, israel, todacell

Motricity Updates IPO Filing: 2009 Revenues Up, Losses Improve

Mar 8, 2010 8:42 PM

Motricity increased revenues, narrowed its losses and even generated cash in 2009, according to new documents filed today as part of the company’s IPO ambitions. When the company first filed paperwork in January, it reported results for the first nine months of the year. Today, in an updated registration statement…

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Posted In: Mobile, Money, IPO, motricity

Plancast Gets $800,000 For Plan Sharing

Mar 8, 2010 8:20 PM

Plancast, a startup which lets users share their plans, has raised $800,000 from SoftTechVC, True Ventures, Founders Fund Angel, Zelkova Ventures, as well as a number of angel investors. On Plancast, users post what they plan on doing later; users can track each others’ accounts and also indicate publicly that…

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Posted In: Advertising, Local, Money, M&A & Venture Capital, Venture Capital, Social Media, Nanopublishing, founders fund angel, plancast, soft tech vc, true ventures, zelkova ventures

Earnings
TiVo Losses Grow As Costs Rise And Subscription Growth Retreats

Mar 8, 2010 4:39 PM

Although TiVo (NSDQ: TIVO) saw a healthy gain in revenues in Q4, the DVR company was unable to balance its growing costs and reduced subscriber additions. Nevertheless, TiVo has been riding high on some good news in the form of last week’s favorable legal decision, when two members of a…

EPS* Rev. vs Q408 Net Inc. vs Q408
TiVo Release Beat Analysts' Estimates Revenue Indicator 15.7% Net Income Indicator 188%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Media & Publishing, TV, VOD, Money, Earnings, tivo

TechTarget Buys Analyst Aggregator ebizQ

Mar 8, 2010 12:41 PM

B2b publisher TechTarget has bought business data site ebizQ.net. Terms weren’t disclose. This is Newton, MA-based TechTarget’s second acquisition in little more than a month. A few weeks ago, Mike Laverick sold his virtual server training blog RTFM-ed.co.uk to TechTarget.

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Posted In: Media & Publishing, B2B, Money, M&A & Venture Capital, Mergers & Acquisitions, ebizq, techtarget

Big In Japan Buys Barcode-Scanning Competitor Snappr

Mar 8, 2010 12:24 PM

Big In Japan, the company responsible for the popular ShopSavvy barcode-scanning app for Android and iPhone, has acquired Snappr. Terms of the deal were not disclosed. The acquisition revives Snappr after it shut down in late 2009, reports TechCrunch, which broke the news of the acquisition. Big in Japan has…

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Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, big in japan, snappr

Teen Social Shopping Site PlumWillow Gets Funding

Mar 8, 2010 12:20 PM

PlumWillow, a to-be-launched social shopping site betting that teens will skip the mall for online—as long as online shopping is social enough—has raised a seed round led by Crossbar Capital. The site promises to “empower its members to shop together with friends, make wardrobe choices from multiple brands, design their…

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Posted In: E-Commerce, Money, M&A & Venture Capital, Venture Capital, Social Media, Avatars, Community, crossbar capital, plumwillow

Online Ad Monitor DoubleVerify Raises $10 Million Second Round

Mar 8, 2010 8:58 AM

Online ad manager DoubleVerify has raised a $10 million second round funding. The round was led by Institutional Venture Partners. Previous investors Blumberg Capital, First Round Capital, Genacast Ventures and private backers also returned to provide the larger funding. The company, which is based in New York and has offices…

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Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, blumberg capital partners, doubleverify, first round capital, genacast ventures, institutional venture partners

Bidding Platform DataXu Raises $11 Million Second Round

Mar 8, 2010 8:46 AM

Online ad exchange DataXu has raised an $11 million second round led by Menlo Ventures. Atlas Venture and Flybridge Capital Partners, who backed DataXu’s $6 million first round in April 2009, also participated this time out. The proceeds will be used to fund new product development, sales and marketing, and…

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Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, atlas venture, dataxu, flybridge capital partners, menlo ventures

IAC’s Citysearch Invests In Ad Marketer OrangeSoda; Expands Local Ad Net CityGrid

Mar 8, 2010 12:00 AM

IAC-owned local guide network Citysearch is expanding its local listings ad service CityGrid through a partnership with search marketer OrangeSoda. Citysearch is also providing an investment in Utah-based OrangeSoda, the amount of which is undisclosed. The move is part of a more aggressive effort by Citysearch to attract more ad…

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Posted In: Advertising, Local, Marketing, Media & Publishing, Online News, Money, M&A & Venture Capital, Venture Capital, Social Media, Companies, IAC, citygrid, orangesoda

What Will Yahoo Buy Itself For Its Birthday?

Mar 5, 2010 6:25 PM

Yahoo (NSDQ: YHOO) celebrated its 15th birthday this week with cupcakes for reporters, a Collective Soul concert for its staff, and several high-profile media and tech conference appearances for its CEO. But the company also hinted about some things it might buy for itself. At least twice this week, CEO…

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Posted In: Media & Publishing, Women-Centric Content, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Yahoo

Google Hands Out Salary Hikes, Bigger Bonuses To Top Execs

Mar 5, 2010 5:21 PM

Google (NSDQ: GOOG) is doling out about $8 million in bonuses to several top employees “in recognition of executive officers’ contributions to performance,” according to an SEC filing just filed. All of the payments are up considerably from last year. The details: CFO Patrick Pichette, SVP Alan Eustace, and SVP…

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Posted In: Jobs & Layoffs, Money, Companies, Google, alan eustace, david drummand, jonathan rosenberg, patrick pichette

Blog Platform Posterous Raises $4.4 Million More

Mar 5, 2010 4:01 PM

Posterous, the popular quick blogging platform, has raised $4.4 million in additional funding, CEO Sachin Agarwal tells us. The site—which is likely best known for letting users blog simply by e-mailing text, photos, or files to a default Posterous account—has grand ambitions for its service; it says it “wants to…

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Posted In: Media & Publishing, Money, M&A & Venture Capital, Venture Capital, Social Media, Nanopublishing, founder collective, lowercase capital, posterous, redpoint ventures, sv angel, trinity ventures, xg ventures

Google Buys DocVerse For Reported $25 Million

Mar 5, 2010 2:01 PM

Google (NSDQ: GOOG) has made its tenth acquisition in eight months, buying up DocVerse, a startup that lets users collaborate on Microsoft (NSDQ: MSFT) Office documents online. The WSJ puts the purchase price at $25 million. DocVerse’s plug-in adds features standard to Google’s own Docs to Office—like real-time editing and…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Google, docverse

Court Approves Quick Resolution To Penton Bankruptcy

Mar 5, 2010 12:07 PM

The bankruptcy court overseeing b2b publisher Penton’s Chapter 11 filing has approved the company’s “pre-packaged” reorg plan, less than a month after it sought protection from creditors. Penton says that the court’s approval has paved the way for the publisher to emerge from bankruptcy “within days.” One advantage Penton had…

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Posted In: Media & Publishing, Magazines, Money, Bankruptcy, penton media

Earnings
WPP: Digital Will Be Two-Thirds Of Our Business In Three Years

Mar 5, 2010 9:31 AM

WPP has pledged that new media services will make up two-thirds its revenues in “three or four years” and that it expects 2010 to be a stable year, as it reported an 11 percent drop in profits to £663 million ($1 billion) after a “brutal” 2009 and a particularly low…

EPS* Rev. vs Q408 Net Inc. vs Q408
WPP Release N/A Revenue Indicator 16.1% N/A
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Money, Earnings, Companies, WPP

Online Travel Organizer TripIt Raises $7 Million

Mar 4, 2010 3:50 PM

TripIt, which offers a series of online tools that travelers can use to organize their travel plans, has raised $7 million in a funding round. With TripIt, users e-mail in their itineraries and then have TripIt organize them into a single “master travel itinerary” that they can easily share and…

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Posted In: E-Commerce, Travel, Media & Publishing, Money, M&A & Venture Capital, Venture Capital, azure capital partners, o'reilly alphatech ventures, tripit

Mobile Marketer Adenyo Completes $26.9 Million Financing

Mar 4, 2010 3:17 PM

Mobile ad campaign manager Adenyo has raised a large $26.9 million round, consisting of both institutional and private placement funding. The company, which has offices in Dallas and Toronto, plans to use the proceeds to promote an international expansion. Formerly known as Silverback Media, Adenyo provides a range of services,…

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Posted In: Advertising, Marketing, Mobile, Money, M&A & Venture Capital, Venture Capital, adenyo, genuity capital markets

Confirmed: Atex Buys Majority Stake In Classifieds Site Kaango

Mar 4, 2010 2:20 AM

Atex, which provides software systems to media firms, has purchased a majority stake in classifieds site Kaango. Atex is buying the stake from MediaNews and Hearst Corp., which paid $20 million for 80 percent of Kaango in November 2007. Both companies will retain a minority stake in Kaango, which powers…

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Posted In: E-Commerce, Classifieds Business, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Hearst, MediaNews

Earnings
Take-Two To Cut 15 Percent Of ‘Corporate’ Jobs

Mar 3, 2010 6:20 PM

Take-Two Interactive (NSDQ: TTWO), which is under heavy pressure to turn-around its flagging performance, is cutting 15 percent of its corporate staff. (A spokesman wouldn’t say how many jobs were cut but said no positions were eliminated at Take-Two’s studios). The company described the job cuts as part of a…

EPS* Rev. vs Q0109 Net Inc. vs Q0109
Take-Two Interactive Release Beat Analysts' Estimates Revenue Indicator 9% Net Income Indicator 38%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Gaming, Jobs & Layoffs, Money, Earnings, take-two interactive

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