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European Business Social Network XING Acquires socialmedian (Update: For $7.5 Million)

TechCrunch  Dec 19 08

Hamburg, Germany based XING, a global professional social network that's strong in Europe, has acquired New York based socialmedian for an undisclosed amount approximately $7.5 million in total, a mix of $4 million in cash up front and an earn-out valued at between €0.5-2.5 million payable over three years. Socialmedian's founding CEO Jason Goldberg is relocating to Germany and will be joining XING as Vice President Applications Platform, and the entire socialmedian team will be integrated into the company. Full story...

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Yahoo Acquires Citizen Sports

TechCrunch  4 hours ago

Yahoo has just confirmed that it has signed a definitive agreement to acquire Citizen Sports. Citizen Sports has a range of products related to fantasy and real-life sports, most of which incorporate social features.

The Location War May Be Even, But Foursquare Dominates Twitter

TechCrunch  5 hours ago

As we noted a couple days ago, the so-called "Location War" was essentially an even match throughout the first few days of the SXSW festival in Austin, Texas.

The Worldwide Telescope Comes To Bing Maps

TechCrunch  5 hours ago

If you can't tell your Belt of Orion from your Little Dipper, Microsoft is here to help. Today it added its WorldWide Telescope application to Bing Maps.

Google Makes Exchanging Microsoft Exchange For Google Apps A Bit Easier

TechCrunch  6 hours ago

There's no question that Google is setting its sights on taking some of Microsoft's marketshare in the productivity suite space.

Mobile Social Network MocoSpace Now 11 Million Members Strong

TechCrunch  6 hours ago

Mobile social network MocoSpace now has a count of 11 million members, with 500,000 members forming new friendships every day on MocoSpace.

Complaints Against Yelp’s “Extortion” Practices Grow Louder

TechCrunch  7 hours ago

Yelp has been hit with another lawsuit, the third in a matter of a few weeks. Similar to the previous complaints, this lawsuit filed by Boris Levitt, the owner of Renaissance Furniture Restoration in San Francisco, claims that Yelp's "unfair and unethical conduct in promoting, marketing and advertising its website as maintaining unbiased reviews" is unlawful and hurt his business.

URL Shorteners Slow Down The Web – Especially Facebook’s FB.me

TechCrunch  7 hours ago

It's hard to imagine a Web sans URL shortening services nowadays but you can rest assured that they're here to stay - for better or worse.

AOL Partners With Celebrity Chefs To Launch Recipe And Foodie Site KitchenDaily

TechCrunch  8 hours ago

AOL has recruited a few celebrity chefs and foodies; including Curtis Stone, Food & Wine's Gail Simmons, and Marcus Samuelsson; and the famed Culinary Institute of America to launch food website KitchenDaily.

Former Yahoo Execs Launch nPario To Help Companies Understand Consumers

TechCrunch  8 hours ago

A new startup dubbed nPario and formed by ex-Yahoo and SAS executives opened its business operations today.

Mac Pricing Leak? Perhaps Updated Macs Are Inbound.

TechCrunch  8 hours ago

In case you haven't noticed, the MacBook Pro line is starting to get a little stale with just a lowly Core 2 Duo CPU.



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