Crenk

Buzznet have been definitely on a buying spree lately, especially after obtaining $25 million in funding from companies such as Universal. Previously, Buzznet purchased Stereogum, Idolator, Qloud and started Videogum. This time they have purchased another music site, Absolutepunk.net.
Personally, im not too sure about the approach of Buzznet. Buzznet are trying to position themselves as [...]

It has been reported this morning that Farecast has been acquired by Microsoft for $115 million. Farecast is a travel prediction engine which attempts to help you find the most ideal time to purchase tickets.
This is a good return for investors into Farecast, because they received approx 5 times their investment.
Microsoft has already openly stated [...]

AOL has acquired Sphere. Sphere is a technology that increases the relevant articles, blog posts and content to websites, via their widget. Sphere will operate as a wholly owned subsidiary of AOL, the company said in a statement, part of the programming division led by Executive Vice President Bill Wilson. AOL–along with Newsweek, Time, Reuters, [...]

Seesmic which claims to be the Twitter for video has just acquired Twhirl. Although Seesmic is still in Alpha this seems to be a good purchase on the outside. Twhirl is one of the most popular Adobe AIR apps and allows users to post to their Twitter, Jaiku and Pownce accounts. This is the [...]

paidContent.org have reported that Buzznet has raised $25 million in a third round of funding. Additionally, it was learned that Universal Music-owned Interscope has invested a few million in it. It hasnt been confirmed who the other investors are, but im guessing some of the funding would have come from previous investors such as Redpoint [...]

It has been about 3 months since Revision3 launched the new version of their site and now they have been acquired. Techcrunch reports that in Episode 143 of Diggnation: Hosts Kevin Rose and Alex Albrecht announce the sale of Revision3 to Fox News at about the 2:05 mark. Rose says “Well, ah, we basically have [...]

LiveWire Mobile has acquire another mobile music service provider Groove Mobile for $14.5 million.
Groove Mobile powers the mobile music stores of such wireless operators as Sprint in the U.S., as well as Bell Mobility in Canada and 3 UK. LiveWire Mobile is a division of NMS Communications, which provides mobile personalization and content services to [...]

AOL has announced this morning that they have acquired social networking service Bebo for $850 million in cash. Bebo is the third-largest social networking service in the U.S. behind MySpace and Facebook. Why has AOL done this? One reason is that the soon to be Platform-A will have a huge amount of inventory to sell. [...]

A couple of weeks ago we reported that Faces.com (Australian based social network) headed to the dead pool.  Today, we’ve learned that the assets of the company have been acquired by 3BILL, the UK-based mobile content company that now appears to be moving into the social realm. According to 3BILL, the plan is to integrate [...]

It has been reported by Mashable, Techcrunch and CenterNetwork that Demand Media has acquired Pluck. The story was broken by Mashable editor Adam Ostrow, and it has now been confirmed via an inside source that the acquisition price was $75 million, all in cash.
Pluck raised $17 million in three rounds of funding and their revenues [...]