DISH Network Corporation won the bid in the bankruptcy court auction for all of the assets of Blockbuster. The winning bid was valued at approximately $320 million.
Groupon has continued its Asia expansion with the acquisition of Indonesian site Disdus.
The White House announced via its Facebook page Tuesday that Obama will be hosting a special “Facebook Live” townhall on Wednesday, April 20 at 4:45 PM EST to virtually meet with people across the country
Following up on its last three successful apps, Fotopedia on Wednesday released its newest addition: Fotopedia Paris.
Kiip, the in-game advertising solution that is in stealth mode raised a $4 million Series A round led by Hummer Winblad Venture Partners, with help from Crosslink Capital and existing investor True Ventures.
Marin Software, provider of an online advertising management platform for advertisers and agencies, secured an additional $16 million in Series E financing led by Crosslink Capital.
Zynga acquired the team behind MarketZero, a self-described “specialized software think tank” based in Austin, Texas.
Poggled, a daily deals site for nightlife, raised $5.6 million according to an SEC filing.
Shoutlet, a social media management platform for medium to large-sized businesses, launched Shoutlet 4.0, which brings a complete revamp of the platform’s UI as well as full YouTube and Twitter integration.
Spanning Cloud Apps, the makers of Spanning Backup for Google Apps, secured $2 million of funding from Foundry Group, a Boulder-based venture capital firm.
The San Francisco board of supervisors voted in favor of Twitter's tax break.
HootSuite acquired an add-on for the Firefox 4 browser called TwitterBar – now renamed HootBar – which allows users to post to social profiles directly from the web address bar.
Xiu.com, China's biggest luxury and fashion online shopping website, raised a $20 million first round from famous Silicon Valley investor Kleiner Perkins Caufield & Byers.