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.
has 50 million monthly readers, according to the site's internal analytics. It just raised a $3.5 million convertible note at a $30 million valuation cap, sources with knowledge of the deal tell Business Insider.The founders confirmed the fundraise to Business Insider but declined to comment on the valuation.
This week the folks at Barnes & Noble announced that they'd be buying back the shares of Nook they'd sold over the past several years. This began with an October 2012 investment by Microsoft of $300 million dollars to create Nook Media LLC. Two months later, British education and publishing company Pearson purchased a stake in Nook for $89.5 million.
There is that saying about the long arm of the law and the places that it reaches. Considering how this latest cyber crime case practically covers three countries both near and far from the US, that might very well be applicable here.
Quebec City mayor Rgis Labeaume thinks the rusty appearance of the historic Quebec Bridge is pitiful and he wants to embarrass Microsoft billionaire Bill Gates into ensuring it gets painted. The bridge is owned by Canadian Railway Co. (CN), and Bill Gates is the largest shareholder of CN. So Labeaume launched a social media campaign called #Paintyourbridgebill .
recently called Activist investors have recently called for AOL to merge with Yahoo, which would create the single biggest network of web sites.Verizon has recently talked to AOL about an acquisition or joint venture, according to a report just published by Bloomberg .
Revenues totaled $69.6 million, up from $33.5 million for the same period last year.In after hours trade on Tuesday, shares of Lending Club were down as much as 12%.For the fiscal-year 2015, the company forecast revenues in the range of $370 million to $380 million, with adjusted EBITDA expected to total $33 million to $42 million.
Apple has long had dreams of bringing more manufacturingto the US, but the reality has been harsh at times -- theArizona sapphire plantit helped build went down the tubes last year after its key partner, GT Advanced, went bankrupt. However, the tech giant has at least managed to salvage something out of this messy situation.
China willenforcean even tighter control over online names starting on March 1st, and it's already begun nuking any account that doesn't conform to its standards. A handful of powerful internet companies in the country have deleted over 60,000 accounts they believe are in violation of China's new real-name/username policy.
Monotype just bought Swyft Media. Or, a company you probably haven't heard of just bought a company you probably haven't heard of. Monotype, for the uninitiated, is a company that helped revolutionize typesetting at the latter end of the 19th century, and owns typefaces you probably see every day like Helvetica, Times New Roman and Franklin Gothic.
Samsung will formally introduce the Galaxy S6 at an event in Barcelona on March 1.There's a metal coil inside LoopPay devices that creates a magnetic field that can "talk" to regular credit card readers.Samsung will buy LoopPay, a mobile payments company. LoopPay's technology allows mobile payments through traditional magnetic credit card readers.
CEO Marissa Mayer has been under pressure to cut costs at Yahoo since before she formally accepted the job in 2012. Instead of deploying broad layoffs, Mayer has favored a system that ranks employees and dismisses those with poor scores.The system is unpopular with many employees.
In a major victory for book publishers, the UK's High Court has ordered internet service providers (ISPs) to blockseveral sites offering pirated e-books. The decision means that BT, Sky, Virgin Media, TalkTalk and EE now have 10 days to comply and ensure their customers can't access the following link depositories: AvaxHome, Ebookee, Freebookspot, Freshwap, Libgen, Bookfi and Bookre.
Remember that failed Sapphire plant in Arizona, where Apple was supposed to churn out tons of their favorite screen material for use on iPhones and every other gadget they could think up? When GT Advanced failed to make good on their deal with Apple for Sapphire glass, Apple promised to repurpose the building.
Investor confidence in the education technology sector suddenly looks a lot more serious — at least for digital learning companies with proven business models.Lynda.com, an online video tutorial service that provides professional skills training to individuals and enterprise clients, announced Wednesday morning that it had raised $186 million in financing.
Rod Drury, an entrepreneur in Auckland, New Zealand, regularly visits the United States. Sometimes there are multiple visits a day.“People here can’t get Netflix, so they get a VPN that gives them a U.S. I.P. address, and watch Netflix like they’re in America,” he said. “If I want something off iTunes, I buy U.S. cards online.
For starters, it's mobile first. That has allowed the company to rethink traditional brokerage cost structures. With no human traders to pay or ancient infrastructure running the trades they're able to cut out those overhead costs.As a result, Robinhood doesn't charge a commission for standard trades, nor does it require any minimum deposits."Imagine you’re a first-time investor in your early 20s.
Jay Z has completed his acquisition of streaming services Tidal and WiMP, after the company's shareholders approved his bid to buy Swedish company Aspiro, Billboard reports . It looked like the acquisition had hit a snag when a group of minority shareholders who control 10% of Aspiro were preparing to reject the takeover bid .