Branch Media, which builds conversation platforms Potluck and Branch, has been acquired by Facebook.
Proving that he’s a company man already, cofounder and CEO Josh Miller announced the news this morning on Facebook writing that the social network wants his team to emulate his company’s products on a larger scale. Read More
The Albanese Organization is closing in on a development site next to the High Line that rapper Jay-Z had owned and lost during the downturn.
The company, a real estate development and acquisition firm, could shell out nearly $60 million for the site according to sources familiar with the parcel, which sits next to the Read More
Africa Israel USA, the controversial owner and operator of commercial properties across the United States, has entered into a contract to sell 5 Madison Avenue to an undisclosed investor for $165 million. Read More
A certain amount of grumbling is par for the course in the media business these days–an ambient hum so pervasive you almost forget it’s there. But that disconsolate keening seems to have reached a new pitch with AOL’s staggering $315 million purchase of the Huffington Post, an aggregation-loving site that, in the words of one Web Read More
A forward-looking item over at The New York Times‘ DealBook today asks: Which companies could, possibly, follow The Huffington Post into the arms of some deep-pocketed acquirer?
The Times mentions a few potential candidates for hypothetical buyouts: Gawker Media, Glam Media and Business Insider.
To find out whether there was any substance behind Read More
Following the news of Aol’s $315 million acquisition of the Huffington Post, we thought it’d be interesting to see what early tech investors might’ve profited handsomely from Tim Armstrong’s largesse. Albert Wenger of Union Square Ventures got us thinking about this:
This is clearly a good deal for Arianna Huffington who I Read More
New York-based Tremor Media, which provides in-stream video advertising services to clients, is buying up mobile ad firm Transpera, TechCrunch reports.
Transpera, which is headquartered in San Francisco but has offices in New York’s TechSpace, has raised $17.3 million from Flybridge Partners, First Round Capital, Intel Capital and others.
The deal allows Tremor Read More
KickApps, a New York-based company that facilitates social media outreach, has been purchased by KIT Digital, a web video company. KIT also bought European video service provider Kewego and West Coast video platform Kyte, according to TechCrunch.
A couple of high-ups at KickApps will now be assuming major roles at KIT. CEO Alex Read More