It is only last week ago that we reported mokono were acquired by Populis for €8.2M
This week TechCrunch is reporting that mokono, have made an acquisition of their own. They have acquired German blog network Adnation. Terms of the deal were not disclosed.
The acquisition adds another 3 million unique monthly visitors to the mokono / Populis network.
Read the full story here
Germany, Berlin
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Tagged, the social network for meeting new people, has acquired WeGame, a San Francisco based game discovery startup.
“WeGame has built a compelling social gaming and discovery business. Their creative direction and expert execution will help further accelerate our growth trajectory at Tagged,” said Tagged’s CEO Greg Tseng. “The WeGame team will immediately begin to contribute to our product and game studio teams, helping extend our industry leadership in social discovery.”
WeGame was founded in 2007 as a new kind of social gaming application company. WeGame and its team make gaming experiences easier to discover and share. Tagged will reveal more about the use of WeGame’s technology in the coming months. For now WeGame users can continue to use the client as usual.
USA, San Francisco, CA
Glam Media, the vertical social content platform company, is acquiring Ning, the online platform for building social websites, including more than 100,000 custom branded fan sites.
“Ning is the clear leader for creating custom social websites and communities. Acquiring Ning adds a natural extension to our social media platform, new distribution channels and a talented Silicon Valley team, all of which support our aim to connect brands with engaged, passionate audiences,” said Samir Arora, Chairman and CEO of Glam Media. “With the addition of Ning, Glam Media will truly become the first next generation media company in the post-social world.”
Ning will operate as a new business unit within Glam Media. Jason Rosenthal, Ning’s CEO, will join Glam as EVP Social Media & General Manager of Ning, and will be a member of the Glam Media executive team.
Additionally, Marc Andreessen will join Glam Media’s board of directors, joining the venture firm investors in Glam — Accel’s Thereisa Ranzetta and DFJ’s Tim Draper — as well as Co-Founder of Glam Media Fernando Ruarte, Dr Marcel Reichart from print media leader Hubert Burda Media, and Glam Media Founder & Chairman Samir Arora. Andreessen is a Silicon Valley pioneer who created Mosaic, the first web-browser and was the co-founder of Netscape Communications. In 2009, Andreessen created the venture capital firm, Andreessen Horowitz, with Ben Horowitz that invests in leading edge technology companies. He currently serves on the boards of Facebook, HP, eBay and other leading technology companies.
USA, Brisbane, CA
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Coolabi plc have received a take-over offer from North Promotions Limited for 7.75p per share in cash with a share alternative in North Promotions Limited. This values the equity at £4.3m .
North Promotions Limited has said that it attaches great importance to the skills and experience of the existing Coolabi management and, accordingly it is intended that any offer made, will include management incentivisation arrangements.
Ownership, development, creative management company Coolabi started life as Alibi Communications plc. Alibi, formed in 1999, completed a successful flotation on the London Stock Exchange via AIM that year and was a producer of prime time television drama and children’s television drama.
In 2004 Alibi merged with Coolebah Limited, a business engaged in licensing and animated children’s television production. In 2005, Alibi changed its name to Coolabi plc.
In September 2006, Coolabi acquired the children’s division of Zenith Entertainment Limited for a total consideration of up to £0.1 million. In May 2007, Coolabi acquired Purple Enterprises Limited for an initial consideration of £3.3 million and in September of that year, Coolabi acquired Indie Kids for an initial consideration of £0.2 million. In November 2008, Coolabi acquired Licensing By Design for an initial consideration of £0.4 million.
Current properties include Purple Ronnie, The Large Family, King Arthur’s Disasters, The Worst Witch, Fungus The Bogeyman and Scarlett & Crimson. In addition Coolabi license rights to selected properties that include the Oliver Postgate and Peter Firmin trio of properties Bagpuss, The Clangers and Ivor The Engine.
UK, London
Wilmington Group plc provides information and training to professional business markets globally. It operates in a variety of professional markets including accountancy, banking and finance, charities, healthcare, insurance, legal and pensions. Capitalised at approximately £71 million, Wilmington floated on the London Stock Exchange in 1995.
Full Year Results for Year Ending June 2011
Highlights
Proposed final dividend of 3.5 pence per share, making a full year maintained dividend of 7.0 pence per share
Returns from acquisitions
Publishing & Information
Training & Events
Training and events businesses performed well, save for legal training where market conditions continue to be challenging; excellent performances by Mercia in the accountancy market and Matchett in the investment banking market
Overseas expansion continues: 26% (2010: 21%) of Group revenues were generated outside the UK, with offices in Sydney, Hong Kong, Singapore, Dubai, Dublin, Paris, New York and Chicago
David Summers, Chairman, commented, “The Group has shown resilience during the recent economic downturn, transitioning its activities to sustainable professional business markets and operating increasingly internationally. The Group has continued to invest in exciting new developments in subscription based digital publishing and professional training. We are also investing in the development of the International Compliance Training business to meet the significant demand for anti-money laundering and compliance training programmes. The current level of development activity is unprecedented in the history of the Group and I believe that these investments will deliver strong levels of growth in the medium term. While generally the economic environment continues to be very tough, with few signs of sustained improvement in the global economy, Wilmington’s business is robust. I anticipate that it will continue to deliver good levels of profitability and, once markets recover and the returns on our many exciting developments are realised, I believe it will deliver excellent returns for its shareholders.”
UK, London
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MyHeritage.com has acquired BackupMyTree, a free and automatic backup service for family tree data. This is the sixth acquisition by MyHeritage.com. Terms of the deal were not disclosed.
The BackupMyTree backup service, which was only launched one year ago, protects more than 9 TB of family tree data. MyHeritage.com will continue to maintain the service and keep it free.
“As the leading international destination for families to explore their history, share memories and keep in touch, we understand the enormous value users place on protecting their family tree data,” said Gilad Japhet, founder and CEO of MyHeritage.com. “We believe that BackupMyTree’s cutting edge client-to-cloud technology has massive potential and share its mission of preserving family history, making this a natural and synergistic move for us. We look forward to continuing to provide an excellent free backup service and exploring ways for BackupMyTree to benefit existing MyHeritage.com users and vice versa.”
BackupMyTree is the second company that MyHeritage.com has purchased from serial entrepreneur Cliff Shaw, having acquired Pearl Street Software, makers of GenCircles.com and Family Tree Legends, in 2007. MyHeritage.com continues to run both GenCircles.com and Family Tree Legends, and has made the Family Tree Legends software and record collection free.
USA, Boulder, CO & UK, London & Israel, Tel Aviv
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Google has acquired German daily-deals company DailyDeal. Terms of the acquisition were not disclosed.
“As more and more people go online to find the latest, most relevant deals, we’re exploring new ways to help consumers get the best local deals out there” said a Google spokes person. “The DailyDeal team has an incredible track record in this space, and we look forward to working with them.”
DailyDeal was only started in 2009. Based in Berlin, DailyDeal provides its service to people in Germany, Austria and Switzerland.
In an announcement on their website, the founders of DailyDeal said, “we’re excited to announce that we’ve been acquired by Google! What began as a two-person startup less than two years ago has transformed into a trusted platform to connect businesses with consumers. By combining our expertise with the Offers team at Google, we hope to expand our efforts to provide even greater deals to consumers.”
USA, Mountain View, CA & Germany, Berlin
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The New York Times DealBook is reporting that Yahoo! is preparing to sell and has attracted the attention of several buyout shops and strategic investors.
Private equity firm Silverlake, Microsoft and Alibaba Group are all mentioned as potential bidders. Yahoo’s board discussed Silver Lake’s approach during its meeting on Wednesday and hired Allen & Company as its investment bank for a continuing review of Yahoo’s business.
Yahoo! latest quarterly results report is for the period ending June 30, 2011. As follows:
Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,076 million for the second quarter of 2011, a 5 percent decrease from the second quarter of 2010, primarily due to the revenue share related to the Search Agreement with Microsoft. Excluding this item and other special items, revenue ex-TAC for the second quarter of 2011 increased 1 percent year over year. Special items include the impact of the divestiture of HotJobs, broadband deferred revenue amortization, and certain fee rate reductions.
GAAP revenue was $1,229 million for the second quarter of 2011, a 23 percent decrease from the second quarter of 2010, primarily due to the required change in revenue presentation related to the Search Agreement and the associated revenue share with Microsoft. Excluding the impact of these two items and the impact of the divestiture of HotJobs, broadband deferred revenue amortization, and certain fee rate reductions, revenue for the second quarter of 2011 decreased 9 percent compared to the second quarter of 2010.
Income from operations increased 9 percent to $191 million in the second quarter of 2011, compared to $175 million in the second quarter of 2010.
Net earnings per diluted share increased 18 percent to $0.18 in the second quarter of 2011, compared to $0.15 in the second quarter of 2010.
Second Quarter 2011 Revenue Results
Read the Quarterly earning announcement
USA, Sunnyvale, CA
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Cellfish, a mobile and social application publisher, has acquired Bandsintown, the concert tracking and discovery application on Facebook..
Over 3.4 million music fans access Bandsintown to track their favorite artists so they never miss a concert date. Bandsintown also helps fans discover new touring artists, based on their musical preferences and location. Bandsintown’s concert aggregation and tracking platform helps artists to promote their live concerts and sell tickets, not only through its Facebook app but also through plugins for websites.
“The team at Bandsintown accomplished an impressive feat in becoming one of the most popular music apps on Facebook in less than a year,” said Fabrice Sergent, Founder and CEO of Cellfish. “This acquisition takes Cellfish one step closer to fulfilling our vision to develop and distribute the most innovative mobile and social applications aimed at music, sports and entertainment fans. We will continue to invest in our development and distribution capabilities both through organic initiatives as well as further potential acquisitions.”
“Cellfish shares our passion for music and vision, and their resources and market-leading expertise will help us continue to grow Bandsintown,” said Todd Cronin, Founder and CEO of Bandsintown. “My co-founder Phil Sergi and I, along with our entire staff in, are looking forward to aggressively expanding Bandsintown and the capabilities of the platform to better serve artists and thrill music fans.”
USA, New York, NY & San Diego, CA
Chegg is to acquire Zinch, a business that connects prospective college and graduate students to scholarships, admissions officers and other students who have been through the same process. Terms of the deal were not disclosed. The acquisition is expected to be completed by the end of this month.
The acquisition of Zinch, with over 3.5 million members, $1.9 billion in scholarships and over 5,000 school profiles, significantly expands Chegg’s customer base and its social education platform.
“Our mission has always been to save students time, money and help them get smarter,” said Dan Rosensweig, president and CEO of Chegg. “With our acquisition of Zinch, we’re extending our mission to high school students through the $7 billion college recruiting market, while continuing to break down the barriers of a college education, from the high cost of tuition and textbooks to helping students make money, pick their courses and get the academic help they need.”
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Fusion Corporate Partners 
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