Round the Clock Acquisitions 11-16-2007

November 16th, 2007 at 12:00 am
 


Looks like everybody’s holding out for more word on Google’s wireless acquisition and not buying anything today.  Except for a few of course.

————–

Technology Crossover Ventures has purchased a minority stake in TheStreet.com, in a move to help the company continue its growth. For the minority stake, TCV paid $55 million, which includes the purchase of preferred stock and warrants to purchase shared of common stock. TCV’s founding general partner has also joined TheStreet’s board.

Kelly Rodriques and Paul Schiff are creating a new Hollywood studio from scratch called Blowtorch Entertainment. The company is just launching with a $50 million investment from Ignition Partners, Hollywood individuals, and at least one (unnamed) hedge fund.

————–

Thanks to TechCrunch for the report.