What you need to know - 09/01/11

Chinese tech fund Innovation Works raises $180 million; MobiTV files to go public

The Department of Justice filed a complaint to block the merger, claiming that the deal would violate U.S. antitrust law.

AT&T's response: “The DOJ has the burden of proving alleged anti-competitive affects and we intend to vigorously contest this matter in court,” said AT&T EVP and General Council Wayne Watts in a statement.

Smartphone users are much more likely to recall and engage with mobile ads while shopping, according to new data from eMarketer.

Facebook may be gearing up to announce its very own music service at its upcoming f8 developer conference.

Innovation Works, an early-stage high-tech investment firm in China that invests in and coaches young entrepreneurs as well as provides complete services to help these start-ups, has successfully raised $180 million.

MobiTV, provider of mobile media management and distribution plans to raise $75 million, according to its S-1 filing form to go public.

Skype released new products that, with an attached broadband connection, allow customers in the U.S. and Canada to use the telephony service from their existing home landline.

SEO platform BrightEdge found that websites using share buttons get significantly more traffic than those that don’t.  When it came to Twitter alone, sites that use the Twitter share button get seven times the amount of exposure that sites that don’t use the Twitter button get.

Zynga and Best Buy partnered on a new campaign to bring the electronics retailer directly into the most popular game on Facebook, CityVille.