Round the Clock Acquisitions 12-03-2007

December 3rd, 2007 at 12:00 am
 


Today’s Round-up of the latest web-related investments.  Brought  to us by TechCrunch , Mashable and PEHub

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College Tonight, one of a group of startups that is trying to win over Facebook’s core college membership, has raised a $1.6 million round of financing. Oh, and they went "public."

AdBrite raised $23 million from existing investors Sequoia Capital and Hedge fund Artis Management, reports Dan Primack. This is on top of $12 million, the company has already raised. In October, comScore ranked AdBrite as the 26th largest ad network after MySpace. Its ads reached 71 million people that month, representing a 39 percent reach of U.S. Internet traffic.

Kara Swisher is reporting that Facebook has grabbed another investor – $60 million from Hong Kong billionaire Li Ka-shing.

LiveJournal, the popular blogging platform/social network from Six Apart, has been acquired by Russian media company SUP. While financial details about the acquisition have not been disclosed, in today’s press announcement Chris Alden, CEO and Chairman of Six Apart said the move "…is a great milestone for LiveJournal and also lets us to focus on the core products invented at Six Apart: Movable Type, TypePad, and Vox."