XIHA Life also announced that Jyri Engeström, former Google Product Manager and co-founder of Jaiku, is coming on as a new member of the board, joining Jan Achrenius and chairman Ville Miettinen.
RockYou, the leading innovator, creator and distributor of social experiences that engage hundreds of millions of people across multiple social networks, secured $50 million Series D round of funding from SoftBank.
RockYou will use these funds to enhance their global brand, expand current applications development and create products to host in-game advertising opportunities.
Adfonic, the web-based self-service global mobile advertising marketplace, has secured $600k in its first round of funding. The money raised will fund the recruitment of key personnel and the next phase of development for its advertising platform, as well as allow it to expand internationally.
The funding comes from Gordon Shields, a clean tech entrepreneur, who is best known for founding Shields Environmental, the world leader in re-use, re-marketing and recycling of surplus network assets for mobile network operators. Working with Adfonic, Gordon’s role will be one of leadership and mentoring, not simply as an investor.
Dailymotion, one of the most popular web sites in the world, announced a funding round of $25 million (17 million euros). The round, led by the French Sovereign Fund (FSI) and including original investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International, recognizes Dailymotion’s leading audience position and sustainable business model. FSI contributed $11M (7.5M euros) to the round.
eBay is expected to receive approximately $1.9 billion in cash upon the completion of the sale and a note from the buyer in the principal amount of $125 million. The company will retain an approximately 35 percent equity investment in Skype. The transaction, which is not subject to a financing condition, is expected to close in the fourth quarter of 2009.
January 26th, 2010 by Social Guy
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