Holiday Wire: Hollywood Media M&A; Borders-Sony; Quarterlife-NBC; Edgeio-Looksmart; Ameno Bought
We’re closed for the rest of the year, hence running on headlines until Jan 2:
—Hollywood Media Rises 15% on Disclosure of Acquisition Discussions: Hollywood.com owner company filed a 13-D disclosing discussions that may lead to the acquisition of the company. Ten percent owner Coghill Capital Management is in discussions about various strategic alternatives, including “potential extraordinary transactions” that could result in a change of control. Hollywood Media owns Broadway.com, Hollywood.com and 26% of MovieTickets.com.
—Borders and Sony Launch Co-Branded E-Book Store: If they can Kindle, why can’t we? Borders and Sony (NYSE: SNE) have launched a co-branded online e-book store that will work with Sony’s Reader Digital Book and offer downloads of more than 25,000 e-books. Sony extended its contract with Borders in September and released a new Reader device in October.
—Can NBC Do for ‘Quarterlife’ What YouTube Could Not?: Numbers for Quarterlife online aren’t all that great. The low traffic numbers are significant because the series has been touted as the first television-quality production for the Web, as well as the first to be introduced online as a warm-up for its network debut.
—Edgeio Assets Acquired By LookSmart: Edgeio, the online classifieds software firm which closed down earlier this month, has sold off its assets to Looksmart, for about $280,000.
—Disney Internet Group names new CTO: Walt Disney Internet Group (NYSE: DIS) named A.D. “Bud” Albers its new CTO. He joins Disney from MediaNet Digital, where he served as SVP and CTO.
—Independent Media Sanoma Magazines acquires Ameno.ru: In Russia, the women’s portal Ameno.ru has been bought by Independent Media Sanoma Magazines Russia, which is part of Sanoma Magazines, the Finnish magazine group.
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