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General news

Startup Acquisitions Hit Ten-Year Low

The number of startups purchased in the second quarter of this year by other companies hit its lowest point in 10 years, according to an NVCA report.
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Computers, General news, Communications, Internet, Finance

LogMeIn Leaps 29 Percent in IPO

Raising $107 million in its initial public offering, venture-backed LogMeIn marks the sixth startup to stage a successful IPO this year.
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Media, Internet

Wii Sports Resort Sells Big in Japan

The next Wii Sports compilation sells over 350,000 in Japan in only 4 days.
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General news

Global IT Spending to Plunge Lower

Spending on information technology worldwide is forecast to decline even lower than previously expected, according to an industry researcher.
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General news, Finance

Facebook Friends New CFO

The world's leading social-networking Web site announces it has picked a former Genentech exec as its new CFO.
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Media, Internet, Finance

Only Warner Bids on Midway

Warner is the only party interested enough to buy Midway’s assets, including the Mortal Kombat franchise.
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Computers, General news, Communications, Finance

Medidata Climbs in Trading Debut

Initial public offering marks third U.S. venture-backed company to go public this year.
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Media, Internet

ZeniMax Acquires id

Two well-known gaming companies join forces, as Bethesda’s parent company, ZeniMax, has agreed to acquire Doom developer id Software.
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Media, Internet

GTA: Chinatown Wars PSP-Bound

PSP to get Chinatown Wars after mature DS game sells poorly.
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Computers, General news, Magazine, Internet, Finance

The Global VC 100

Red Herring is ranking the best performing global VC firms and plans to release its top 100 list this week. Stay tuned.