Here’s the latest action:

1) IPO called off
2) Microsoft buys Multimap for $50M
3) StyleHive picks up StyleDiary
4) Toshiba’s new lithium-ion released
5) Venture Hacks on legal fees and VCs
6) Zoho Show adds on functions
7) Six Apart sets Movable Type free
8) Guardian Analytics launches product

classmates.JPGUnited Online cancels IPO — One less for the story books of internet success: United Online has nixed the nearly $180 million public offering, planned to take place on the Nasdaq. PaidContent points to an analyst forecast that sums up the lack of investor excitement over Classmates: “We expect the subscriber base to peak in the first half of 2008, followed by a steady decline to zero by 2012,” opines Cowen & Co.’s Jim Friedland. If he’s a betting man, we’d guess his money is on Facebook.

Microsoft buys Multimap for $50 millionMultimap is a U.K. company that offers interactive online maps, much like Google Maps or Microsoft’s own, less successful Live Search Maps. Multimap also has two mobile apps with rather self-explanatory names: Storefinder4Mobile and Multimap2Mobile. Microsoft likely has plans to use the company to flesh out its mobile advertising efforts. The company’s founder, Sean Phelan, cashed out to the tune of $25 million, according to the Times Online.

StyleHive pulls StyleDiary off the rackStyleHive, of San Francisco, is one of a handful of social bookmarking sites for fashionistas. It acquired StyleDiary, of Los Angeles, for an undisclosed amount, to provide professionally produced editorial content as a complement for its user’s contributions. Our past coverage on StyleHive’s $2.62 million funding is here.

Toshiba releases fast-charging lithium-ion battery — Toshiba’s Super Charge ion Battery (SCiB) contains an advanced lithium-ion technology that extends the life of the battery up to 10 years and allows charging in as little as five minutes. The battery should be especially useful for motorcycles, automobiles and construction equipment, and may help foster the market for fast-charge electrical stations, as well as the vehicles that visit them.

Sneaky VCs trying to pass off their legal feesVenture Hacks has a good post on a tricky practice that new entrepreneurs should look out for. “When you pay your investor’s legal bill, you’re paying their lawyers to negotiate against you. You’re paying their lawyers to make your deal worse,” goes one piece of cautionary advice. For other nuggets of wisdom, go read the original post.

Revamped Zoho Show released Zoho, an online office suite that we’ve covered several times before (here, here and here), has continued to be just as active in releasing new iterations of its products. The latest is Zoho Show 2.0, an upgraded version of their online presentation application, which is similar to PowerPoint. The new features include a new interface, support for shapes, symbols and clip art, and integration with their chat and meeting applications. For a video of it in action, look here.

Six Apart sets Movable Type free — The popular blogging platform will henceforth have an open-source license, much like larger competitor WordPress. Some have speculated that Movable Type’s smaller market share had much to do with remaining proprietary, while WordPress remained completely open, although Movable Type always allowed user modifications to its code. Six Apart will continue to offer paid licenses for bloggers who need professional support.

Guardian Analytics launches anti-fraud productGuardian Analytics (previous coverage) released FraudMAP, one of a number of new applications aimed at preventing identity theft. It’s one of a new generation of startups using web analytics to identify online activity not consistent with a user’s normal behavior patterns, with FraudSciences Corp. (previous coverage) being another. Given the rising incidence of identify theft (read a Dean Takahashi rant on the topic here), we’d expect this field to grow fairly quickly.

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