Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.
Consumer Web/Social Media
New York-based media group News Corp acquired Dublin, Ireland's social news agency Storyful at €18 million
New York, US-based media group News Corp has acquired Dublin, Ireland's social news agency Storyful in a deal valued at €18 million ($25 million) to help surface and validate user-generated news online.
Software company Dealertrack Technologies will buy out online marketing and sales provider Dealer.com for $1 billion
Software company Dealertrack Technologies will buy out online marketing and sales provider Dealer.com for $1 billion. Dealertrack will pay $620 million in cash and $373 million in stock.
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
New York-based social network Foursquare completes $35M round for real-time ad platform
New York-based mobile location-based social network Foursquare has just raised $35 million in a financing round for its new platform for real-time ads, according to the company's Chief Executive Officer.
Latest News
New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.
New York-based startup Viggle announced its purchase of entertainment news website and social platform Wetpaint for $30 million in a bid to bulk up its social TV business.
Yahoo Inc had a bad time this week, observed TechCrunch as the company struggled to appease its customers, including small business owners due to the outage of some of its key Web services.
Facebook chief financial officer David Ebersman early this week sold 532,400 shares in the social networking company at an average price of $50 per share. Ebersman reportedly raised $26.2 million in the deal.
Google Inc. on Friday announced that it had completed the purchase of engineering and robotics company Boston Dynamics. Boston Dynamics is the eight robotics firm that the Internet giant has acquired in the last half-year.
Intel Corp., the world's largest chipmaker, has put up for sale its Internet-based pay-TV startup OnCue. Telecom company Verizon Communications Inc. is said to be nearing a deal to acquire OnCue.
Car pricing information website TrueCar.com has received a $30 million investment from Vulcan Capital. Vulcan Capital is controlled by Microsoft Corp. co-founder Paul Allen and has been investing in Internet and technology firms.
US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
