AOL bought TechCrunch, for an undisclosed price. Speculation set the range at somewhere between $10 million and $25 million.

Skype and Facebook are rumored to be in negotiations for a partnership. If the rumors prove out to be true this will represent the addition of SMS and voice chat to Facebook's Connect. This would not be the fist time that Facebook has tested a video chat feature.

REDUX raised $1 million in C series funding. Draper Fisher Jurvetson and Alsop Louie Partners led the round. REDUX is a platform designed to help users share and find video.

AOL's latest addition to its shopping basket includes video startup - 5min Media.  AOL announced Tuesday morning that it has acquired video-syndication platform 5min Media for an undisclosed amount. Rumor has it that the price was $65 million.

AOL buys Thing Labs. The amount of the sale was undisclosed. Thing Labs are the makers of the Brizzly software. They began operations in 2007, with funding from Polaris Venture Partners.

Ongo raised $12 million in funding. Sources include The New York Times Company and Ganette. Ongo is a social news outlet.

Koofers raised $5 million in funding, in its series A round. Funding sources include Revolution, Nigel Morris, QED Investors, New Atlantic Ventures and Altos Ventures. Koofers is a social learning company.