Weekly Money Trail- 08/01/2008

Cisco Systems has agreed to acquire software company Pure Networks for $120 million in cash as the networking giant expands its consumer product portfolio. This is Cisco’s first acquisition of a venture-backed company since it announced in November that it would acquire Securent, a provider of policy management software, for $100 million in cash. Cisco, which [...]

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GlobalGrind to Launch Hip-Hop Network with Glam

There’s been big news for Glam Media lately: It acquired Monetise Ltd, an online media sales company based in the UK. It formed a partnership with Brightcove to boost video content for Glam’s network. Expanded to include video distribution across its network of sites, in partnership with Sony BMG, E! Online, Lifetime Networks, and TV Guide Broadband. And it’s [...]

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Always On Hollywood 08

The Always on Hollywood event went off big as usual. There were tons of VC’s and institutional bankers there courting the business of the young, and the fresh (hot media start ups). There were quite a few impressive starts up offering their pitches for rooms full of venture capitalist ready to wage their calculated bets on [...]

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Jay-Z & The ‘Nation’ Doin’ the Damn Thing

Are you ready for the music industry revolution? Jay-Z and LiveNation are ready to bring it to you with the announcement of what is being billed as the largest music contract ever awarded at $150 Million. But that is only half the story. The other half is that they are formulating a new distribution and [...]

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