What you need to know - 05/09/11

LinkedIn IPO could raise up to $274.4 million; Groupon and Live Nation working on GrouponLive

Gilt Groupe raised a $138 million fifth round from Softbank Group, General Atlantic, Matrix Partners, Goldman Sachs, New Enterprise Associates, Draper Fisher Jurvetson Growth, Pinnacle Ventures, TriplePoint Capital and Eastward Capital.

Groupon and Live Nation have a formed a joint venture to develop a new online ticketing deals channel, GrouponLive

LinkedIn has priced shares at $32 to $35 each for its initial public offering (IPO), which could raise up to $274.4 million.

musiXmatch, provider of a song lyrics API, has closed a $3.7 million Series A funding round led by Italian investor Francesco Micheli Associates.

There is no single group of online news consumers. Rather, there are several different types of consumers, and news organizations can better engage their audiences by developing strategic ways to appeal to several different layers of news readers.

Tabbedout raised $3.7 million more in funding, bringing its Series A round to a total of $5.75 million, mostly from New Enterprise Associates.

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