Home

Internet

Facebook is filing to acquire money transmitter licenses in the 47 states that require the documents for payment processing.

Microsoft is adding 7.3 million users annually to Sharepoint.

eBook sales reached $70M (+115%) in January 2011, according to a study by the AAP. Meanwhile, paperback sales fell 31% and hardcover sales fell 11%.

A New York judge rejected Google’s $125M legal settlement for book publishing in a move that will likely require Google to seek permission to publish works or renegotiate the settlement.

American Express releases Serve, a digital and mobile payments system funded through credit cards and bank accounts that competes directly with PayPal and Visa.

Google is rumored to be working with Citibank and MasterCard on its payment offering.

Mobile

Google’s Android is now accepting applications for in app billing beta test. The IAP platform will be live this week. Google has just quietly launched a group messaging offering, Disco. Built by the Slide team, the app competes with GroupMe, Beluga and others.

Amazon launches a mobile application store. The store has 3,000 applications including Angry Birds Rio. The app store features browser emulation of the game in addition to a free app of the day. The store requires sideloading, a feature that AT&T had previously prohibited, but will enable in response to user base demands. 

Sprint has integrated Google Voice, allowing seamless mobile phone porting to their 40M users.

29% of U.S. online consumers have made a purchase of digital or physical merchandise using their mobile devices 

Boku, a digital goods payments vendor, is enabling mobile payments of real goods through a partnership with with Telefonica. The service will cost 0.09 euros to 0.30 euros, depending on the value of the item.

RIM announced $19.9B (+20%) in revenue and income of $3.4B (+47%), shipping 52.5M handsets (+43%). 

NetQin, a Chinese antivirus software company, has been accused of working with mobile software firm, Feiliu, to deliberately infect smartphones with malware before charging users to clean up the virus.

Financings and M&A

eBay acquires GSI commerce for $2.4B.

ABitLucky, a social gaming company, raises $5M from Nexon.

AeroHive, a distributed Wifi provider for SMBs, raised $25M from NEA.

Basis, a maker of a health monitoring watch, raises $9m from NVP and DCM.

8thBridge, formerly known as Alvenda, an ecommerce platform on Facebook, raises $8M from Trident Capital. 

CrowdFlower, a crowdsourcing quality control company, raised $7M from Harmony Partners. 

DotCloud, a rapid development platform raises $10M from Benchmark and Trinity.

SocialVibe announced a $20 million round led by investor Norwest Venture Partners.

Inkling raises strategic investment from Pearson and McGraw-Hill.

Gemvara, a custom online jewelry maker, raises $15M from Balderton.

Color, a photo based proximity social network, raises $41M from Sequioa and Bain.

Flipboard, a user generated magazine, raises a round at $200M valuation.

Tabula, a semiconductor company, raises $108M from Greylock, Benchmark, DAG, NEA and Crosslink.

Walgreens acquires Drugstore.com for $409 million (0.9x revenues).

Shutterfly acquires TinyPrints for $309M.

 

Advertisements