In a highly unusual transaction, Zivity, a venture funded adult content startup, has spun off the majority of its assets, employees and venture funding into a new company called Top Fans. Zivity first launched at TechCrunch40 in 2007 and has raised a total of $8 million in venture capital.
Sunnyvale,
Calif. - Yahoo (NASD:YHOO) is looking to
unload its HotJobs and Yahoo Small Business units, PEHub.com reported, citing
sources familiar with the matter. Yahoo bought job listings site HotJobs for
$436 million in 2001, and launched Yahoo Small Business to provide smaller
companies with tools to help create an online presence. Read the rest of this entry »
We’ve confirmed from multiple sources that San Francisco/Seattle based music service iLike, which has been profitable since 2008, is raising new capital in an unusual transaction designed to push out Ticketmaster, an investor since 2006.
San Francisco
- Yahoo (NASD:YHOO) investor and board member Carl Icahn has spoken out in favor of a search
and advertising deal with Microsoft (NASD:MSFT) that was reported last week to be nearing
completion, Reuters reported. "I’ve been a strong advocate of getting a
search deal done with Microsoft," Icahn, who owns about 5% of Yahoo, told
Reuters. Read the rest of this entry »
