Archive for April 14th, 2008

Video game creator Realtime Worlds closes on $50 million

Monday, April 14th, 2008

Realtime Worlds, creator of the video game “Grand Theft Auto,” has raised $50 million in a series B round of funding led by Maverick Capital. Other investors included New Enterprise Associates and WPP, a marketing services company.

The Dundee, Scotland-based company, which was founded in 2002, said that plans to …

Blockbuster offers $1 billion for Circuit City

Monday, April 14th, 2008

Video rental giant Blockbuster on Monday announced it has offered to purchase Circuit City Stores for $6 to $8 per share, or about $1 billion to $1.3 billion.

Blockbuster initially made the proposal on February 17, but says Circuit City has not provided the due diligence it needs to …

Google dips toes into ‘deep Web’ search

Monday, April 14th, 2008

Google’s ever-active search bots, which scour the Web constantly for new pages, have begun a new, more active phase of their indexing jobs.

In a blog post Friday, Jayant Madhavan and Alon Halevy of Google’s crawling and indexing team said the company has begun an experiment in which …

Google mapping spec now an industry standard

Monday, April 14th, 2008

Members of an industry group called the Open Geospatial Consortium have approved Google’s KML technology as an open standard for describing some geographic data.

KML is used to manage the display of geospatial information in Google Earth, the company’s software for flying over the surface of a virtual …

A to-do list slip-up, not new a Google Docs app

Monday, April 14th, 2008

OK, Google watchers, you can slow down your pulse. That to-do list posting on the Google Docs blog appears to have been an innocent mix-up.

Google marketing manager Andrew Chang inadvertently published his to-do list on a blog while testing his posting software. It wasn’t a hastily removed preview of a new Google online to-do list application, a possibility some raised.

Online-ad network Federated Media brings in $50 million?

Monday, April 14th, 2008

Federated Media Publishing, an advertising network for independent publishers, has raised between $40 million to $50 million in a new round of funding led by Oak Investment Partners, according to the investor site Private Equity Hub. The company was given a premoney valuation of $200 million, according to the article….

Microsoft bears shield, as Salesforce and Google synch up

Monday, April 14th, 2008

With the Salesforce.com-Google collaboration, Microsoft will face yet another competitor in the online enterprise software applications market, analysts say.

But make that enterprise with a little “e.”

Google’s online applications will be integrated with Salesforce’s customer relationship management (CRM) applications, giving it an entry point into Salesforce’…

Move Networks nabs $46 million for high-def TV tech

Monday, April 14th, 2008

Move Networks, a content delivery network for high-definition television online, has closed on a $46 million series C round of financing led by Benchmark Capital. Cisco Systems, Comcast Interactive Media, and Televisa, along with the company’s previous investors, Steamboat Ventures and Hummer Winblad Venture Partners, also joined the round….

Amazon adds persistent storage to cloud computing service

Monday, April 14th, 2008

It’s just like an unformatted hard drive, Amazon.com Chief Technology Officer Werner Vogels explained. The difference is that it’s in the “cloud” somewhere and you get to it through an API.

Amazon Web Services executives on Sunday described a forthcoming persistent storage feature, called EC2 Persistent Storage, …

E-tailer eMusic tops 200 million downloads

Monday, April 14th, 2008

Online retailer eMusic, the self-described second-largest music service after iTunes, announced Monday that it has sold more than 200 million downloads since November 2003 when it moved to a subscription business model.

The New York-based eMusic said in a statement that it is selling more than 7 million tracks a