CBS (NYSE: CBS) Radio-backed TargetSpot, which bills itself as the biggest digital audio ad network, has raised $8 million in its latest round of funding. TargetSpot’s partners include MySpace (NSDQ: NWS), which turned to the company last year to place 30-second audio ads on MySpace Music. Other sites in its…

Edgar Online (NSDQ: EDGR), the publicly traded financial information service which we first reported was out there raising money since August last year, has finally closed it: Bain Capital will purchase $12 million worth of 120K convertible Series B preferred stock of the company (at $100 a share). The money…

TokBox, the provider of a simple video chatting service, has raised a $10 million second round led by Bain Capital Ventures, with participation from past backer Sequoia. The company was actually incubated out of Sequoia, which led the firm’s initial $4 million round last year. The SF-based firm allows users…

The Weather Channel deal is finally done, and announced on a lazy, bright and clear July 4th weekend Sunday: Landmark Communications has agreed to sell The Weather Channel to a consortium of NBC Universal (NYSE: GE) and two private equity firms, Bain Capital and The Blackstone Group. TWC will be…

LinkedIn is getting a lot of media attention following the big raise it announced last night… speaking on CNBC, Jeff Glass, partner at Bain, which lead the $53 million round, predicted the company would be public in three years, but said that the team and board are patient: “We want…

LinkedIn has closed its big round, which it had been working on for a while now in the midst of fielding some acquisition offers from strategics: it has received $53 million in funding, primarily from Bain Capital Ventures, the Boston-based PE firm. Other investors in the round include Sequoia Capital,…

After two days worth of reports, Clear Channel (NYSE: CCU) confirmed late last night that it, its private equity buyers (Bain and Thomas H. Lee), and a consortium of banks funding the deal have agreed to make it happen at $36 per share or $17.9 billion. Should some choose to…

The acquisition of Clear Channel (NYSE: CCU) by two private equity firms, Thomas H. Lee and Bain Capital Partners, continues to play out in the courts. The key issue, as you’ll recall: the banks have been looking for a way out of their massive funding obligations, while THL and Bain…

That was quick: A Judge in Bexar County, TX has granted a temporary restraining order against the banks funding the Clear Channel (NYSE: CCU) buyout, saying they must not try to thwart the deal or go back on their commitments. In a statement, Clear Channel said it looked forward to…

Looks like the banks financing the Clear Channel (NYSE: CCU) sale definitely want to walk. Last night reports emerged that the deal was on the rocks, and now the two PE firms, Thomas H. Lee and Bain Capital Partners, have filed suit to save the deal. WSJ reports that the…

Whispers that Clear Channel’s (NYSE: CCU) $19 billion sale to two private equity firms is on the rocks have been growing louder in recent weeks. Now the deal is on the verge of collapsing, says WSJ, citing people familiar with the matter. The sale is one of the last un-closed…

Streaming audio ad company TargetSpot has raised an $8.6 million second round funding led by Bain Capital Ventures. Previous backers CBS Corp. (NYSE: CBS), Union Square Ventures and Milestone Venture Partners returned for this round. Late last week, NY-based TargetSpot was tapped to provide the end-to-end marketplace for advertisers for…

Another hurdle cleared, but not the big one: The DOJ announced today that it would approve Clear Channel’s (NYSE: CCU) sale to two private equity companies - provided the company divest of radio stations in four markets. In a statement, the Department said that the transaction, as originally proposed, would…

Seattle-based AdReady, which offers cheap templates for internet display ads, has raised a $10 million round from Bain Capital, Khosla Ventures and previous backer Madrona Venture Group, reports Seattle PI. Madrona previously invested $2 million in the company, bringing its total amount raised to $12 million. AdReady has a collection…