Roundup: IPOs slow to a crawl, China gets music sales, Facebook competition kicks off and more
July was slowest for IPOs in five years — A measly 56 companies went public last month, raising $5.6 billion. Pretty depressing, compared to last year’s figure of 190 companies and $31.7 billion. This month is expected to be similarly slow, with a pickup coming late… Continue Reading
Shawn Fanning negotiating to sell social gaming company Rupture for $30M
Shawn Fanning, who gained fame after launching early music file sharing company Napster, is in advanced stages of talks to sell his most recent social gaming start-up, Rupture, for $30 million.
The buyer would be Electronic Arts, but unlike first reported by Techcrunch, the deal hasn’t… Continue Reading
Roundup: OpenID, Rupture, Startupping, Confabb, Trulia and more
Here’s the latest action:
OpenID is gaining ground — OpenID is a service that lets you use your URL as your username anytime you have to login to a site that requires username and password. Until now, it has been slow to catch on — Web sites… Continue Reading
Next generation game start-ups, Bigdog Games and Areae, raise millions
D2C Games (also known as Bigdog Games) and Areae are two of the latest game start-ups boasting “next generation” technology, and they’ve just raised millions of dollars in venture capital.
D2C, of San Mateo, has raised $1.5 million in a first round of funding (Dan… Continue Reading
Fanning to launch Rupture, a social network for games
Shawn Fanning, founder of the popular music file sharing company Napster, is back in the game with a new start-up.
This time, Fanning wants to bring social networking to popular online games like World of Warcraft, as BusinessWeek first reported.
Experts say this is a… Continue Reading