Wireless media delivery co. Digital Fountain sells to Qualcomm
Digital Fountain, a company specializing in sending media over wireless networks — especially streaming video — just sold to San Deigo goliath Qualcomm. It’s unclear whether the flagging economy played a role, but the Fremont, Calif. company may have been running short on funds. It had raised a total of $45 million over several rounds of funding since its inception in 1999, most recently pulling in $5 million in a fifth pass in 2004. Past… Continue Reading
Macrovision buys consumer electronics software co., Mediabolic for $43.5M
Updated
Macrovision of Santa Clara has acquired San Mateo consumer electronics software provider Mediabolic for $43.5 million in cash, the company said.
The deal didn’t make Mediabolic’s investors too much money. The company received nearly $20 million in capital since 2000, so once you consider the time value of money, this was about break-even for investors. Backers included Aurora Ventures and Spinnaker Ventures early on, followed by AsiaTech Management, D&M Holdings and Intel Capital. (Update: We’ve since… Continue Reading