October 31, 2011 : Comments (4)
Google+ Updates Android App, Adds New Design And Other Features
Business
REPORT: Turntable.fm Chooses Union Square Ventures As Lead Investor For $7.5M Funding Round
Turntable.fm, a social music service that allows you to DJ songs for other users and listen to music that others have selected to play, has reportedly chosen Union Square Ventures over Kleiner Perkins and Accel Partners for its new funding round. According to Betabeat, Union Square Ventures is leading the latest round, which values Turntable.fm at $37.5 million... Read more » Twitter Confirms New Funding Round, Launches Dutch And Indonesian Languages
Following weeks of rumors -- where it was suggested that the company was raising $400 million and then $800 million -- Twitter has confirmed that it has raised a "significant" round of funding. The round was led by DST Global and several of Twitter's existing investors participated. There is no indication of the funding amount or whether Twitter managed to raise... Read more » Electronic Arts Gets FTC Green Light For PopCap Games Acquisition
Gaming giant Electronic Arts has been given the go-ahead to acquire PopCap Games by the U.S. Federal Trade Commission. The acquisition was announced earlier this month, but could not be confirmed until regulatory approval had been given. Reuters reports that the FTC has placed the deal on a list of approved transactions. The list is issued several times per... Read more »
Twitter Announces 2 Key Hires For Senior Management Team
Twitter is making big changes on the product side of the business right now -- with 4 key team members being let go and search.twitter.com being killed off. However, the company looks to be changing things up in the sales and marketing division too. The social networking service announced Monday that it has added 2 new employees to the senior management team. Joel... Read more » Google Acquires Social Network Fridge To Work On Google+
Group-based social networking service Fridge has announced that it has been acquired by Google, with the Fridge team being rolled into the Google+ setup. Financial terms of the deal have not been disclosed. Fridge offered its users the ability to create personal networks that could be used to share photos, events and messages with specific groups and friends. It... Read more »
REPORT: Twitter Close To Finalizing Complex $800 Million Funding Deal
Twitter is said to be close to finalizing a $800 million funding deal that will partly be used to cash out current investors and employees. Around $400 million of the funding will be used for this purpose. According to sources cited by All Things D, the funding deal could be sealed within 2 weeks. The complex deal is being completed in a way that will allow those... Read more » MyYearbook, Latino Social Network Quepasa Merge In $100M Deal
The Latino social network Quepasa has announced a merger with social network myYearbook. The merger is worth $100 million, comprised mostly of $82 million in Quepasa stock and about $18 million in cash. The merger nearly doubles Quepasa's user base and the social network plans to use this merger as a way to expand their mobile and social games and advertising as... Read more »
INFOGRAPHIC: How The Tech World Is Interconnected
The tech industry is extremely interconnected -- companies acquire other companies and executives and employees shuffle to different positions and go on to create different services. It's sometimes quite a surprise where one company will end up when you look at where it started. This infographic was researched by Sarah Kessler, a writer for Mashable, and created... Read more »
REPORT: Zynga Was In Race To Acquire PopCap Games, Made $1B Cash Bid
Electronic Arts announced on Tuesday that it will acquire social gaming company PopCap Games for $750 million in stock and cash, potentially rising to $1.3 billion based on performance over the next 2 years. However, EA almost missed out on buying PopCap, as rival company Zynga is said to have made a bid of $1 billion in cash. Zynga would have financed the deal at... Read more »
Electronic Arts To Acquire PopCap Games, Deal Could Rise To $1.3B
Electronic Arts has announced that it will acquire PopCap Games for $750 million in cash and stock. EA will pay $650 million in cash and $100 million in shares of common stock for PopCap, with a multi-year earn-out agreement in place as part of the deal. The earn-out means that the final price of the acquisition could reach $1.3 billion, far above the $1 billion... Read more » 
