Glam Media may be checking out banks for a 2012 IPO
Female-focused media and advertising company Glam Media may soon file to go public.
If so, it will join the ranks of Internet companies hitting the trading floor, such as Jive, Zynga and (earlier this year) LinkedIn.
According to Bloomberg‘s sources, the company has already had a “bake off,” in which banks compete to underwrite the Glam Media initial public offering. In the running are Bank of America, Goldman Sachs Group, and Morgan Stanley to lead … Continue Reading
Glam Media hires new CFO, honing its edge for a likely IPO
Glam Media announced today that it has hired 16-year Apple veteran Jeanne Seeley as its new chief financial officer and executive vice president, a move that likely positions the company for a public offering. Seeley starts work today.
Samir Arora, Glam’s chairman and chief executive officer, described Seeley as “one of the top Silicon Valley CFOs,” due in part to her extensive experience at Apple, where Arora also previously worked.
“Apple really has one of … Continue Reading
Glam acquires Ning, boasts that it’s now No. 2 in reach behind Facebook
Glam Media, a content and media company focused on women but with increasing ambition, has acquired Ning, a web service that lets people build their own social networks. The purchase price was undisclosed, but the deal is well below Ning’s $750 million valuation when it was at the peak of its hype a few years ago.
[Update: The deal was worth $150 million, according to Bloomberg.]
Most significantly, the addition of Ning gives … Continue Reading
Meet Mightybell, Ning co-founder’s new social engagement app
Gina Bianchini knows a little bit about social apps.
After serving as chief executive officer and co-founding build-your-own-social-network company Ning, Bianchini joined storied venture capital firm Andreessen-Horowitz as entrepreneur in residence. That was until she started work on Mightybell, an app designed to help people — quite literally — get things done, a little less than a year ago.
Mightybell is a web and iOS application that helps its users break down tasks into little … Continue Reading
Ning adds in-browser photo editing to social networks (exclusive)
Build-your-own-social-network company Ning announced today that it is adding Aviary, a photo-editing tool that works inside a social network’s web browser, to its social networks.
That gives social networks built on Ning a one-up over sites that are built around image sharing, like 4chan or news aggregators like Reddit. It removes the barrier of having to purchase (or pirate) expensive photo-editing applications like Photoshop to modify images and create original content for those sites.
Photo … Continue Reading
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