Consumer Web/Social Media

London news startup Oximity bags seed money from angel investors

London, UK-based user-generated news startup Oximity bagged an undisclosed amount of seed money from angel investors Ronnie Screwvala and K Ganesh to provide direct sources of global news in 180 languages.


Lithium acquires San Francisco social media influence scoring platform for $200M

US social customer solutions provider Lithium Technologies acquired San Francisco-based social media influence scoring platform in a deal valued at $200 million in combined cash and equity.

Yahoo Japan to take telco eAccess from Softbank in $3.2B deal

Search giant Yahoo Japan is set to take Japan-based telco eAccess from Internet firm Softbank in a deal valued at $3.2 billion (JPY324 billion) to beef up its e-commerce and advertising businesses.

Facebook acquires Oculus VR in $2B deal

Social media giant Facebook acquired California, US-based virtual reality headset maker Oculus VR in a deal valued at $2 billion to help the startup expand beyond non-gaming applications of its technology.


Latest News

San Francisco, US-based online restaurant reservation service OpenTable will shut down Los Altos, California-based restaurant recommendation app Ness, which it acquired in February, on April 21.
Twitter has taken down its Twitter #Music from the App Store and will officially pull down the curtains on the app on April 18, VentureBeat reported.
Cupertino, US-based tech giant Apple is mulling on launching its own on-demand music service to compete with music streaming giant Spotify as the number of downloads goes down.
Jim Cicconi of AT&T said the call of Netflix CEO Reed Hastings for free internet internet connection was an "arrogant proposition" that would require everyone else except Netflix to pay, Reuters reported.
The Federal Trade Commission and California Attorney General Kamala Harris said Facebook had the wrong interpretation of how COPPA applies to teenagers, the Los Angeles Times reported.
Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters reported.
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
Redwood City, US-based video streaming service Qik will shut down on April 30 after its features have been integrated into Skype, which acquired it for $150 million three years ago.
Twitter is now offering an alternative way of sending Tweets via SMS after Turkish Prime Minister Recep Tayyip Erdogan lambasted social media for linking him to a corruption scandal and blocking the social network in the country.
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