Economic downturn drives merger of teen sites Stardoll and Piczo
Girl teen-site Stardoll, backed by Sequoia Capital and Index Ventures, is acquiring Piczo, a social networking site that focuses on teen users. The amount is undisclosed, but the transaction was a mix of cash and equity.
According to Stardoll CEO Mattias Miksche, who is based in Stockholm, Sweden, the acquisition was driven by an apparent interest by Stardoll’s users to express themselves in more ways, including through publishing. It didn’t hurt that the economic downturn means… Continue Reading
Latest: Google Wiki, Gphone, Windows Live, Rocketon, Kango, Media Machines, Stardoll
Here’s a morning roundup of latest action:
JotSpot to relaunch as Google Wiki? — Jotspot, a wiki company purchased by Google last year, is rumored to be relaunching soon as Google Wiki, and to be integrated with other Google Apps. This way, Google account holders could soon have a free Wiki application alongside Gmail, Docs and Spreadsheets and others.
Mobile payments standardizing in UK — The largest mobile phone companies in the United Kingdom are offering a standardized mobile-based… Continue Reading