Digital Media M&A


Google Acquires Korean Blogging Software Company TNC — Google has bought Korea-based blogging software provider TNC, co-founder and co-CEO Chang Kim said in a blog post on Web20Asia.com (via Venturebeat). Terms weren’t disclosed. The company’s full name is Tatter and Company. Kim compares TNC to Matt Mullenweg’s Automattic – “a company that develops a cool blogging platform” that’s favored by “the nation’s A-list bloggers and also works closely with the open source community.”

The Next Chapter: Best Buy To Acquire Napster For $121 Million — Napster has fallen into the arms of a surprise buyer: Best Buy. The big-box electronics giant will pay $121 million or $2.65 per share. Shares of Napster closed at $1.36 on Friday, so this is nearly double for those die-hards that have held on for the long ride down. Sale chatter had picked up in recent months, in part because the company’s share price was approaching the cash it had in the bank –and in fact, Best Buy is only paying $54 million, once you net out Napster’s cash and short-term inv*stm*nts. Napster had been involved in an unusual proxy fight with three individual shareholders, and in a recent statement on the matter, it gave a heads up that it was open to a sale.

WebMD Buys QualityHealth For Up To $75 Million — The consolidation in the online health market continues: WebMD (NSDQ: WBMD) is buying online health info site QualityHealth.com and its owner Marketing Technology Solutions (MTS) for $50 million. Another $25 million could be earned based on performance in 2009.

GigaOmniMedia Makes Second Blog Buy: The Apple Blog — Om Malik’s blog network GigaOmniMedia has made its second acquisition… it has acquired The Apple Blog, which exclusively covers one of the blogosphere’s favorite companies. The deal comes not long after the acquisition of mobile-focused site jkOnTheRun. Terms of the deal, which should probably be described as an acq-hire, were not disclosed. The site is edited by Josh Pigford, who started it back in 2004. The acquisition follows closely on the news that Om would give up the CEO job and take a position as a partner at True Ventures, the VC firm with an investment in his network. In that announcement, he said that adding new blogs was a key part of the plan going forward.

WPP Digital Acquires Minority Stake in Proclivity Systems — WPP Digital has acquired a minority stake in online analytics provider Proclivity Systems, Brand Republic reported. The New York-based firm looks at consumers’ e-commerce habits, which is used by its clients to target merchandise and marketing efforts. WPP Digital, the investment arm of the ad holding company, followed Fung Capital USA investments, which was the lead investor in the unspecified funding round. The two were also joined by the Pilot Group as a stakeholder in Proclivity Systems. Back in April, WPP Digital took a minority stake in Chinese rich media ad delivery outfit HDT Holdings Technologies and in August, the ad company purchased a 12.82 percent share of IGA Limited, the Cayman Island-based parent company of InGame Ad Interactive Technology.

Bestofmedia Acquires IT Site Computing.net — French tech publisher Bestofmedia raised $35 million earlier this summer, and now it’s spending some of it… The parent of Tom’s Guide has acquired Computing.net, an IT info and support site. The site, which was founded back in 1996, is now under the Tom’s Guide brand. The announcement is a bit cagey on how big Computing.net is: Bestofmedia says it now reaches 30 million readers following the deal; in July the company said it had 25 million readers, so that gives some idea. Expect more deals, as the company aims to become “the number one ranked privately-held online media publisher for technology worldwide by 2011.” Terms of this acquisition were not disclosed.

Media Rollup Firm Tsavo Buys Online Marketing Firm Better — Tsavo, the new media rollup firm backed by American Capital, has now bought El Segundo, Ca-based online marketing and SEO firm Better. Founded in 2004, the company provides a variety of services ranging from SEO and PPC management to clients such as Paramount, DreamWorks and Closet World. Better’s founder Ben Padnos had previously worked at Yahoo and launched a collegiate online sports network, FANSonly.com, as part of another company which was later acquired by Viacomand rebranded as the CBS College Sports Network. More details here. We reported last week that Tsavo took over select assets of MoxyMedia, the Canada-based online media firm, which also had backing from American Capital.

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