Round the Clock Acquisitions 07-12-2007

December 7th, 2007 at 12:00 am
 


internet logo

Now don’t be too sad about the companies who decided to shut down today. Many of the WEb2.0 babies are still making moneys and in large amounts too (just like the bubble … yikes). Anyway, here’s today’s roundup from PEHub, TechCrunch and Mashable.

———–

56.com, a Chinese video sharing website, reportedly has raised $20 million in second-round funding. Hikari Private Equity led the round, and was joined by Susquehanna International Group China, Adobe Systems Incorporated, CID Capital, Sequoia Capital and Steamboat Ventures.

Seagate Technology (NYSE: STX) has agreed to acquire MetaLINCS, a San Jose, Calif.-based provider of enterprise e-discovery solutions. No financial terms were disclosed. MetaLINCS has raised around $13 million in VC funding from ArrowPath Venture Capital, Newbury Ventures and Rembrandt Venture Partners.

Music Intelligence Solutions has just completed a $7 million funding round, led by a group of angel investors. As the provider of software and analytics tools for search and discovery and marketing of music, MIS will be using the round of funding for global expansion and the launch of its web 2.0 personalization and networking tools.

3i has invested €2.6 million in shopping search engine Twenga. Similar to other shopping search startups, Twenga is a meta search engine for products from online merchants. Twenga’s search results include user reviews and images on top of the usual price comparisons.