WhaleShark Media, which owns and runs a number of online coupon and deal sites, announced today it has raised $150 million from JP Morgan and Institutional Venture Partners.
The company facilitated $1.7 billion worth of sales in 2011. Its sites attract 300 million visitors annually.
WhaleShark Media sites have both Groupon-style deals and discount codes for websites.
Barely a week since successfully completing sea trials after a three year hiatus, the venerable research sub Alvin is already earning back the $42 million in hardware upgrades and engineering retrofits it's received—showing off its spaciou
The HAV304 took the crown of “world's longest aircraft” with its inaugural flight today. The gargantuan spans a football field and towers just over two stories in height, owing its construction to pure metal. It sacrifices little in being the world's longest, as it still reaches 100 mph, which is triple that of the dwarfish Goodyear blimp.
Business Insider is expanding in the U.K.! We're opening a newsroom in London this summer, with a focus on finance, tech and politics. We are hiring at all levels, from an editor-in-chief to editors, reporters and paid interns. Successful candidates will get a rare opportunity to be the founding BI U.K. employees tasked with building an exciting new brand from the ground up.
When you travel the world, having a few drinks with your hosts is a great way to get a sense of the local culture. But excessive alcohol consumption can cause physiological consequences . Don't worry—a hangover is universal, and your new friends probably already know a way to cope with it.Read more...
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Government-run postal services around the world are missing a huge opportunity to deliver more items purchased online. "… Postal services around the world are uniquely positioned to handle and deliver at low cost," says Alibaba Vice President John Spelich,.
Microsoft announced plans to lay off 18,000 people. To anyone that works at Microsoft, we'd like to know what the mood is inside the company. Please email us at email@example.com. We'll be discreet and do everything possible to protect your identity.
It seems like Facebook isn't the only one looking to expand lately. Yahoo is in talks to buy online-video service News Distribution Network (NDN), according to a report in The Wall Street Journal , citing anonymous sources. According to those sources, Yahoo could pay up to $300 million in the deal. NDN, a video syndication service, is the fourth-largest video site, with 573 million video views.
Call for nominations! Most of these teens are barely 18 years old, and they're doing more than many adults could ever hope to do in their lifetimes. Last year, we profiled a scientist who built a nuclear reactor in his father's garage, a swimmer who won four Olympic gold medals, and a self-taught coder who runs his own app development company.
Last month we learned that wearable device maker Basis was shopping around for a major tech firm to purchase it. The companies tipped to be in the running to buy Basis at the time included Apple and Google among others. A deal has now been announced and Intel is the winner. Last month Basis was said to be seeking about $100 million.
Twitter has done an deal with ad agency holding company Omnicom that will bring it $230 million in revenue over the next two years according to the Wall Street Journal . The deal is an indicator that advertisers are really starting to take Twitter seriously as a big media vendor. It is reminiscent of a previous deal Twitter struck last April with Publicis, another ad agency group.
For a taste of what you can expect in December, check out theFrom Pepsi to Apple, John Sculley has done it all. His latest venture is Obi Mobiles, a new technology company that will offer midrange smartphones in India.
Apple is in negotiations to buy Beats Electronics in a $3.2 billion deal, according to The Financial Times . Reporters from Bloomberg, The New York Times, The Wall Street Journal, and other outlets have all backed up the story. The deal could be announced next week, the report says. Apple's stock was basically flat in after-hours trading.
Have you been thinking about buying one of the latest generation Apple TV boxes? If so, now's the time to do it -- Apple is selling the little black boxes through March 5th for the regular price of US$99, but you'll also get a $25 iTunes gift card to buy enough shows and movies to keep yourself happy for at least a few hours.
WithPrime subscriptions on the rise, Amazon is constantly exploring ways to cut the cost of regular home deliveries. One option the retail giant is considering is to invest in the companies that deliver its parcels, with UK courier firm Yodel currently the object of its desire.The Guardianreportsthat the two companies have agreed a deal that could see Amazon acquire 4.