Scripps Networks Interactive acquires 69% of NDTV Lifestyle

November 19, 2009 — Fusion DigiNet

ACQUISITION

Acquirer: Scripps Networks Interactive
Web: http://www.scrippsnetworksinteractive.com
Location: USA, Cincinnati, OH
Region: North America
Description: Lifestyle-oriented content for television and the Internet
Contact: Kenneth W. Lowe, Chairman of the Board, President and Chief Executive Officer

Target: NDTV Lifestyle Ltd
Web: http://goodtimes.ndtv.com
Location: India, New Delhi
Region: Asia
Description: Lifestyle broadcaster
Contacts:

  • Dr. Prannoy Roy, Chairman
  • Radhika Roy, Managing Director
  • Saurav Banerjee, Chief Financial Officer

Approximate value: $55,000,000 valuing the company at $79,000,000

Details: Scripps Networks Interactive acquiring 69 percent of NDTV Group’s lifestyle programming subsidiary, NDTV Lifestyle Ltd. NDTV Lifestyle is anchored by NDTV Good Times, India’s top-ranked English-language lifestyle television channel. NDTV Group will retain a 31 percent stake in the joint venture. Scripps are paying $55M, M.     

SEPARATE ANNOUNCEMENT: New Delhi Television Ltd (NDTV) has informed BSE that NDTV Networks Plc., a UK subsidiary of the Company has repurchased the US$ 100 Million Step up Coupon Bonds due 2012. The Bonds have been repurchased for US$ 72.4 Million. NDTV Networks Plc. has financed the repurchase through Bank Loans. The repurchase has allowed NDTV Networks Plc to significantly reduce its outstanding borrowings and also to cut down on interest burden.

Links:

Database Acquisitions – November 2009

Posted in ~Asia, ~North America. Leave a Comment »

Like.com Acquires street fashion site Weardrobe

November 19, 2009 — Fusion DigiNet

ACQUISITION

Acquirer: Like.com
Web: http://www.like.com
Location: USA, San Mateo, CA
Region: North America
Description: Shopping visual search engine, where the contents of photos are used to search and retrieve similar items
Contacts:

  • Munjal Shah, CEO & Co-Founder
  • Burak Gokturk, Ph.D. Chief Technology Officer & Co-Founder

Target: weardrobe
Web: http://www.weardrobe.com
Location: USA, Palo Alto, CA
Region: North America
Description: Fashion website – share photos of what you wear
Contacts:

  • Suzanne Xie, Co-Founder
  • Richard Tong,  Co-Founder

Approximate value: Undisclosed

Details: Like.com has acquired Weardrobe for an undisclosed amount. Like.com will user its “Likesense” visual search technology to identify the pieces of clothing in a photo on Weardrobe and link visitors to where they can the items.

Link: TechCrunch 

Database Acquisitions – November 2009

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Egyptian Mrrha Acquired By UAE Company Creative Solutions

November 19, 2009 — Fusion DigiNet

ACQUISITION

Acquirer: Creative Solutions (subsidiary of Bin Majed group)
Web: http://www.creativesolutions.ae
Location: UAE, Al Ain
Region: Middle East & Afica
Description: Web development
Contact: Khamis AlSharyani, Founder

Target: Mrrha
Web: http://mrrha.com
Location: Egypt
Region: Middle East & Afica
Description: File loading and sharing site

Contacts: Mahmoud and Ahmed El-Masoudy, Founders

Approximate value: Undisclosed

Details: Mrrha, an Arab online service  that was launched from Egypt has been acquired by Emirati company Creative Solutions.

Link: startuparabia 

Database Acquisitions – November 2009

Posted in ~Middle East & Africa. Leave a Comment »

1020 Placecast has raised $5 million in a second round of funding.

November 19, 2009 — Fusion DigiNet

FUND RAISING

Business: 1020 Placecast
Web: http://www.placecast.net
Location: USA, Seattle, WA
Region: North America
Description: Location-based mobile marketing solution

Amount raised: $5,000,000

Link: Mobile Marketing Watch 

Details: 1020 Placecast has raised $5 million in a second round of funding. New investor Quatrex Capital joined for this round, with participation from previous backers Onset Ventures and Voyagers Capital.
   
Database Fund Raising – November 2009

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Muzicall Raises €9 Million In Latest Round Of Funding

November 19, 2009 — Fusion DigiNet

FUND RAISING

Business: Muzicall
Web: http://www.muzicall.com
Location: United Kingdom, London
Region: Europe
Description: Ringback tone services (RBTs)

Contacts: Patrick Allainguillaume, CEO of Muzicall
Amount raised: € 9,000,000

Link: Muzicall 

Details: Muzicall, Europe’s leading provider of ringback tone services (RBTs), today announces it has raised €9 Million in its latest round of funding, which sees existing investors BlueRun Ventures and Thule joined by Orkos Capital, Veddis Ventures and GP Bullhound.
   
Database Fund Raising – November 2009

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ShoeDazzle Raises $7 Million

November 19, 2009 — Fusion DigiNet

FUND RAISING

ShoeDazzle.com has raised $7 million in equity funding, according to a regulatory filing by the firm.

Business: ShoeDazzle
Web: http://www.shoedazzle.com
Location: USA, Los Angeles, CA
Region: North America
Description: Online shopping assistant for shoes

Contacts: MJ Eng President and Chief Operating Officer
Amount raised: $7,000,000

Links:

   
Database Fund Raising – November 2009

Division: eRetail

Posted in ~North America. Leave a Comment »

Russian financial group Finam has increased its stake in social networking site Badoo.

November 18, 2009 — Fusion DigiNet

FUND RAISING

Business: Badoo
Web: http://badoo.com
Location: United Kingdom/Russia
Region: Europe
Description: Social network community

Contacts: Alexey Andreev, Founder
Amount raised: Undisclosed

Story Link – Quintura Blog 

Russian financial group Finam has invested an undisclosed amount to exercise its option and increase its stake from 10% to 20% in global social networking site Badoo. In January 2008, Finam said it would make a $30 million investment in the site.
   
Database Fund Raising – November 2009

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Second Century Ventures Makes Strategic Investment in e-signature service DocuSign

November 18, 2009 — Fusion DigiNet

FUND RAISING

Business: DocuSign
Web: http://www.docusign.com
Location: USA, Seattle, WA
Region: North America
Description: E-signature service

Contacts: Matthew J. Schiltz, CEO and President
Amount raised: $2,000,000

Press Release  

Details
DocuSign® today announced Second Century Ventures (SCV) has made a strategic investment in the company. As part of the investment, the president of Second Century Ventures and chief executive officer of the National Association of REALTORS® (NAR), Dale A. Stinton will join the DocuSign Board of Directors. This brings DocuSign’s total funding up to $30 million.

   
Database Fund Raising – November 2009

Posted in ~North America. Leave a Comment »

Hubert Burda Media buys into XING AG (European online business network)

November 18, 2009 — Fusion DigiNet

ACQUISITION

Acquirer: Hubert Burda Media
Web: http://www.hubert-burda-media.com
Location: Germany, Munich
Region: Europe
Description: International media owner
Contact: JDr. Hubert Burda, Publisher

Target: Xing
Web: http://www.xing.com
Location: Germany, Hamburg
Region: Europe
Description:  European online business network

Contact:

Dr. Stefan Gross-Selbeck, CEO

Approximate value: 1,323,041 shares at €36.50 per share

Details

XING AG (ISIN: DE000XNG8888) was informed today that Burda Digital GmbH has purchased a total of 1,323,041 XING shares from Cinco Capital GmbH. The share price was EUR36.50 per share. This gives Burda Digital GmbH a 25.1% share of the company and makes it the primary shareholder.

Press Release 1

Press Release 2    

Database Acquisitions – November 2009

Posted in ~Europe. Leave a Comment »

Paltalk Acquires Virtual Phone Service Vumber

November 18, 2009 — Fusion DigiNet

ACQUISITION

Acquirer: Paltalk
Web: http://blog.paltalk.com
Location: USA, New York, NY
Region: North America
Description: Free Video Chat Rooms and Voice Chat
Contact: Joel Smernoff, CEO

Target: Vumber
Web: http://www.vumber.com
Location: USA, New York, NY
Region: North America
Description:  Mobile Virtual Telephony

Contact:

Mark Brooks, President and CEO

Approximate value: Undisclosed

Details

Paltalk has acquired Vumber  in an effort to capture additional revenues by offering virtual phone numbers to existing subscribers.

Story Link – Paid Content  

Database Acquisitions – November 2009

Posted in ~North America. Leave a Comment »
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