rumors

NEW YORK--Glam Media CEO Samir Arora showed up at ContentNext's EconAds conference on Tuesday afternoon looking dapper in brown leather shoes and a hot pink tie to match the handkerchief in his suit pocket. But really, he said, he runs a frugal company.

On his company's recent $84.6 million funding round, he said in an onstage interview with ContentNext's Rafat Ali, "We've really not spent that in anything so far." He added, "If you look at our history, we've raised $29.6 million to date before this round...we used less … Read more

The rest of the world might not know about it, but MenuPages, an online compendium of restaurant and take-out menus for eight major U.S. cities, is a pretty big deal in New York. But is it ripe for the picking? A source close to MenuPages told us that the Gotham-based start-up has been acquired, or is close to it, but didn't know who the buyer was, which means this one remains a rumor.

The ad-supported MenuPages, operated under the company name Slick City Media, runs local sites for New York to Boston, Chicago, Los Angeles, the Miami region, … Read more

Glam Media has always been adamant that it's not just another ad network, something it reiterated when it announced a revenue-sharing video platform for its member sites this week.

But apparently, some big company really thinks that Glam's something special. Amid the gossipy deal making of the D6 Conference, someone at tech money blog VentureBeat heard that Glam had just received a $1.3 billion acquisition offer that it plans to turn down.

The reason it plans to shug off the offer, according to VentureBeat, is that Glam's investors--which include Accel Partners and Hubert Burda Media--&… Read more

Facebook might be hiring former Google employees left and right, but if current rumors are true, don't expect them to start instituting a free-food policy like Mountain View's any time soon.

Gossip blog Valleywag has reported for the past few days that Facebook is doing away with a $600 monthly housing subsidy offered to employees who opted to rent living space within proximity the company headquarters in Palo Alto, Calif. The latest rumor says that new hires are losing their housing subsidy, and that existing employees will only keep it until they move to new houses or re-sign … Read more

Microsoft may be interested in acquiring Yell Group, the British-based parent company of directories like the U.K.'s Yellow Pages and the United States' Yellow Book, Reuters reported Tuesday. Yell isn't commenting, but shares of the company stock rose up to 5.4 percent amid the speculation.

Yell's properties do not include the U.S.-based Yellow Pages, which is operated by AT&T. Yell came to fruition with the debut of the British Yellow Pages in 1966, and expanded to the U.S. when it acquired Yellow Book USA for $665 million.

Microblogging service Twitter has reportedly closed a $15 million Series B funding round, according to Om Malik of GigaOM.

Malik estimates that it will bring the company's valuation to about $80 million and that the round is led by a new investor rather than existing investor Union Square Ventures (though the latter is participating). CNET News.com originally reported late in April that Twitter had signed a term sheet for either $15 or $20 million.

Rumors peg the new lead investor as Boston-based Spark Capital. An independent source hinted to CNET News.com that this is likely indeed the … Read more

You've got to wonder how things get "leaked' sometimes, but we aren't complaining. Take this video of some new drool-worthy Sony Ericsson handsets, for example, that's been floating around the Interwebs over the weekend. From what we can see, it looks very much like an official advert, and bloggers are going nuts over the newfangled handsets on display.

Both phones look very similar to the Sony Xperia X1 we reported on earlier this year, but as you'll notice they're touch-screen phones without slide-out keypads. The focus is definitely on media and video, with a … Read more

Reuters is reporting that shares of Blinkx, a publicly traded video search site based in the U.K., climbed 50 percent on Friday following rumors that corporate giants Google and News Corp. may be vying for an acquisition.

On Friday morning, Blinkx shares were trading at 36.75 pence, their highest value since September. That puts the company's valuation at 102 million pounds, which is equivalent to $199.2 million.

Blinkx has been publicly traded since 2007, when it merged with search engine Autonomy. As part of a clause in its initial public offering filings, Autonomy is slated to … Read more

Microsoft, we get it: That Yahoo thing fell through, and picking up the pieces can be messy. But according to Kara Swisher at All Things D, Redmond just won't give up. The company has reportedly put together a Plan B that it refers to as "Project Granola," a name that makes "Zune" sound good.

And part of "Project Granola," Swisher wrote, is exploring the possibility of turning that $240 million stake in Facebook into an outright ownership.

More specifically, Microsoft's bankers have been shooting "subtle signals" in Facebook's direction, … Read more