Amazon Buys Lovefilm.com For $200 Million, Bu.Mp Raises $16 Million
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Release time:2011-01-24
Browse:3927
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There were a bunch of acquisitions and investments involving hundreds of million that you probably didn’t hear about this week.
BUMP technologies, a company that makes a App that allows people to share contact information by just bumping their smart phones together raised $16 Million dollars.
The company uses a hack for its web site of BU.MP.
If your wondering, MP is the country code for (ccTLD) for Northern Mariana Islands (but you probably knew that already).
Amazon bought the other 58% of Lovefilm.com which it didn’t already own for $200 Million.
Lovefilm.com is the top DVD-rental subscription service in Europe like Netflix.com is here is in the US.
Qwiki Inc., A visual search engine, raised $8 million including money from Facebook co-founder Eduardo Saverin.
The company that owns the site, Damntheradio.com, received a $2 Million dollar Investment this week.
The company is FanBridge and the site says about itself:
“It’s the fastest and easiest way to build powerful, sleek social media campaigns. With our enterprise-level content management system, you can build a powerful rich media campaign in minutes.”
ChaCha.com a question and answer site that according to Compete gets over 10 million visitors a month, received another $3 Million in investment.
The company reportedly has now raised around $75 million
Scribd.com a online document sharing site raised another $13 Million bringing the total the company raised to $26 Million
According to The money Tree Report, out this past week, Venture Capital companies invested $21.8 billion over 3,277 U.S. deals in 2010, an increase of 19% in dollars and 12% increase in the number of in deals over 2009.
and how was your week?
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