Newbay Media Acquires Broadcasting & Cable, Multichannel News And Twice from RBI

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

 
ACQUISITION 
FDN Database Reference:  F231109-255
 
Acquirer:  Newbay Media
ACQ Web:  http://www.nbmedia.com
Location:  USA, New York, NY
Region:  North America
Description:  Media and information resources for professionals, retailers and enthusiasts within the Pro Audio, Broadcast & Video, Musical Instruments, AV / Consumer Electronics and K-12 Education vertical markets
Category:  Media Owner
Contact 1:  Steve Palm, President & Chief Executive Officer
Contact 2:  Paul Mastronardi, Chief Financial Officer
Contact 3:  Carmel King, Executive Vice President, Broadcast & Video
 
Vendor:  Reed Business Information
Vendor Web:  http://www.reedbusiness.com/us.html
Location:  USA, New York, NY
Region:  North America
Description:  Business-to-business information provider, with more than 80 market-leading publications and Websites, as well as a range of services
Category: Media Owner
Contact:  John Poulin, Chief Executive Officer

Aprox. Value:  Undisclosed
 
Details:  NewBay Media LLC announced that it has acquired Broadcasting & Cable, Multichannel News, and This Week in Consumer Electronics (TWICE) from Reed Business Information-US. Each title will continue to be published as part of NewBay’s line of print, online, and in-person products and services.
 
Link: Press Release

Wiki hosting provider PBworks has raised $650,000

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-254
Business:  PBworks
Web:  http://pbworks.com/
Location:  USA, San Mateo, CA
Region:  North America
Business description:  Wiki hosting provider
Category: Web Technology
Contact:  Jim Groff, CEO 
 
Investor:  Undisclosed
Amount raised:  $650,000
 
Details:  Wiki hosting provider PBworks has raised $650,000 in rights and securities, according to a filing with the SEC. The company is backed by Mohr Davidow Ventures, Seraph Group, Ron Conway and Chris Yeh. It previously raised $2.45 million in venture funding.

Link:  VentureBeat

Geo-location company, SimpleGeo has just closed a $1.5 million seed round of funding

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-253

Business:  SimpleGeo
Web:  http://simplegeo.com
Location:  USA, Boulder, CO
Region:  North America
Business description:  An infrastructure that other applications can use to easily build location-based applications.
Category: Web Technology
Contact 1:  Matt Galligan
Contact 2:  Joe Stump.
 
Investors:  First Round Capital, also includes from Redpoint Ventures, Ron Conway, Kevin Rose, Chris Sacca, Joshua Schachter, David Cohen, Debbie Landa, Tim Ferriss, Shawn Fanning, Gary Vaynerchuk, David Lee, and Freestyle Capital.
  
Amount raised:  $1,500,000 
 
Details:  SimpleGeo has just closed a $1.5 million seed round of funding. They raised $195,000 in a debt funding round, according to a recent regulatory filing by the firm three weeks ago. The source of the funding was not disclosed, although the filing indicates that there were 7 investors involved.

Link:  TechCrunch

Lachlan Murdoch sells $28m News Corp stake

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

NEWS

Link: Daily Telegraph

Lachlan Murdoch, the elder son of News Corp chief executive Rupert Murdoch, has sold half of his stake in the media empire for $27.6m (£16.7m). It is thought he sold down his stake to fund the purchase of half of DMG Radio Australia from Daily Mail and General Trust (DMGT).

Russia.com, the domain name, for $1.5 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website

ACQUISITION 
FDN Database Reference:  A0235-231117
 
Acquirer:  Undisclosed
Description:  Russia.com
Category:  Domain name
 
Vendor:  NewMedia Holdings, Inc.
Vendor Web:  http://www.nmhco.com
Location:  USA, Seattle, WA
Region:  North America
Description:  Media property owner
Category: Domain name

Aprox. Value:  $1,500,000
 
Details:  NewMedia Holdings has sold Russia.com, the domain name,  for $1.5 million. The deal was broked through Sedo. The buyer is undiclosed. The also own Algeria.com, Bangladesh.com, Ecuador.com, Morocco.com, Nepal.com, Nicaragua.com, PuertoRico.com, Scotland.com, SouthAfrica.com, Ukraine.com and Virtual-Countries.com.

According to Fusible.com   the new owner is rumored to be Russia Standard according to one of our readers.  Russia Standard is the same company that purchased Vodka.com in 2006 for $3 million (also brokered through Sedo).

Website security firm CloudFlare has raised $2.05M

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-249
Business:  CloudFlare
Web:  http://www.cloudflare.com
Location:  USA, San Francisco
Region:  North America
Business description:  Gives website owners  control over who can access their sites.
Category: Web technology
 
Amount raised:  $2,050,000
Participants:  
 
Details:  CloudFlare has opened a $2.05M round of equity. The company is backed by backed by UV Partners and Venrock. CloudFlare was the winner of the 2009 Harvard Business School business plan competition.

Link:  Venturebeat
Link address

Online Remote Tech Services Business SupportSpace has raised $10 million in funding

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-248
Business:  SupportSpace
Web:  http://www.supportspace.com/
US Headquarters: USA, San Francisco, CA
Israeli R&D center offices: Israel, Netanya  
Business description:  Online Remote Tech Services for computers and connected devices to consumers and small and medium-sized businesses.
Category: Services
Contact 1:  Yair Grindlinger – CEO and Co-Founder
Contact 2:  Doron Elgressy – President and Co-Founder
 
Investor 1:  Emergence Capital Partners
Investor 2:  BRM Group
Investor 3:  Gemini Israel 
Round:  B Round
Amount raised:  $10,000,000
Participants:  3
 
Details:  SupportSpace has raised $10 million in funding to enhance its infrastructure, expand its team, and acquire new partners.

Link:  TechCrunch

Evernote has raised $10 million in a “B” round!

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-246
Business:   Evernote
Web:   http://www.evernote.com/
Location:   Mountain View, CA
Region:   North America
Business description:   Notes ap for computer, phone, and the web. Handwriting recognition and digital ink software and technologies.
Category:  Software aps
Contact 1:   Phil Libin, CEO 
 
Investor 1:   Morgenthaler Ventures
Investor 2:   Troika Dialog
Investor 3:   DOCOMO Capital
Round:   B Round
Amount raised:   $10,000,000
Participants:  3
 
Details:  Evernote has raised $10 million in a “B” round! The lead investor is Silicon Valley venture capital firm Morgenthaler Ventures. Troika Dialog and DOCOMO Capital,  “A” round investors, participated as well. The service, which is available in English and Russian, works online and on mobile devices BlackBerry, iPhone, Windows Mobile and Palm Pre as well as on Windows and Mac computers.

Link:   Evernote CEO’s blog (dated 25-11-09)

Machinima.com has raised $1.7 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-245
Business:   Machinima.com
Web:   http://www.machinima.com/
Location:   ISA, Los Angeles, CA
Region:   North America
Business description:   online entertainment network showing original videos from your  video games
Category  Games
Contact 1:   Allen DeBevoise, Chief Executive Officer 
 
Investor 1:   MK Capital
 
Amount raised:   $1,700,000 
 
Details:   Machinima.com has raised $1.7 million in funding, according to an SEC filing. They also have the potential to increase funding to $2,500,000.

Link:   Regulatory  Filing 

Seattle angels back DevHub

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-244
Business:   EVI Media Group
Web:   http://www.evomediagroup.com/
Location:   USA, Seattle, WA
Region:   North America
Business description:   EVO operates a  network of niche websites and web-based platforms. Their flagship product is DevHub.
Category  Mark Michael, co-founder
Contact 1:   Include Voyager Capital’s Geoff Entress, WhitePages CEO Alex Algard, Intel Capital’s Jeff Schrock and former Disney Online president Richard Wolpert

Dollars:   $1500000
 
Details:   A group of angel investors as well as an undisclosed private equity firm are pumping $1.5 million into EVO Media Group, the operator of the DevHub.com Web site hosting platform.

Link:   TechFlash