Indian online advertising network Komli is buying Indoor Media, a UK-based firm helping clients market to ethnic minorities, in its latest international expansion (announcement).

Jay Penske’s Mail.com Media Corp., which has been busily buying up media sites, is selling its Mail.com e-mail business to German internet firm United Internet Group. The sale means Mail.com Media Corp.—which will soon be getting a new name—will now primarily be made up of the media sites it has…

Mumbai, India-based Mauj Mobile, a mobile content provider that’s part of the People Group, has acquired UK-based Mobango for its international catalog of 35,000 free mobile applications. The acquisition will not only help it expand beyond India, but also into applications from traditional mobile content, like ringtones and wallpapers.

Search engine and portal operator Lycos has been sold to Indian digital marketing firm Ybrant Digital by South Korea’s Daum Communications for $36 million. That’s significantly less than the $95 million Daum paid for Lycos in 2004. The agreement calls for Ybrant to purchase all of Daum’s stock in Lycos…

UK mobile content and services company Win Plc announced today that it is recommending to shareholders a cash offer from the Sequoia-backed Indian mobile services firm IMI Mobile. The 141 pence ($2.11) per share offer values WIN at around £15.93 million ($ 23.8 million). This represents a 43 percent premium…

Reliance Big Entertainment, which owns Indian gaming firm Zapak, is buying a 50 percent stake in British video game maker Codemasters. Balderton Capital, which had accumulated a large stake in Codemasters between 2005 and 2007, is the other major shareholder; Balderton bought the Codemasters shares it didn’t already own in…

SinglePoint is acquiring India-based M2Junction, which has developed a text-messaging mobile advertising platform. The purchase comes just a week after the Bellevue, Wash. company sold off off a piece of its business to Ericsson and announced a new CEO. Terms of the deal were not disclosed. SinglePoint said the acquisition…

The long and colorful saga of an independent Friendster is over, for now. As expected, it has been acquired, by the Malaysian company MOL Global Pte, which is an affiliate of MOL AccessPortal Berhad, a company that operates and develops payment systems in Asia. The principal shareholder of MOL is…

Indian broadcaster NDTV Ltd and US-based Scripps Network Interactive today said they were forming a strategic alliance in the lifestyle broadcasting space in India. As part of the deal, Scripps will acquire 69 percent stake in NDTV Lifestyle Ltd, with the NDTV Group retaining the rest. Scripps will pay $55…

Multiplex chain PVR Ltd is buying realty major DLF Ltd’s cinema chain DT Cinemas, which currently runs 26 screens in Delhi, Gurgaon and Chandigarh. PVR will also get exclusive rights to be the key multiplex partner in all future developments by DLF.

Google (NSDQ: GOOG) has agreed to acquire AdMob, a mobile ad network, for $750 million in stock. Release. At that jaw-dropping price, it marks Google’s third-largest acquisition after DoubleClick and YouTube and is a very solid exit for AdMob and its investors, which have pumped in $47 million into the…

US-based SoftBank Capital and India Capital of Hong Kong have bought a 2% stake in Sameer Manchanda-promoted cable firm DEN Networks, The Economic Times reports. The transaction reportedly happened at Rs205 per share and the aggregate investment is to the tune of Rs50 crore, the report said.

Turner Broadcasting, a unit of Time Warner (NYSE: TWX), is close to acquiring a “very high level of holding” in general entertainment channel NDTV Imagine, according to a person familiar with the development, who asked not to be named. Turner could buy an 80-90% stake in the GEC, the person…

Bloomberg LP, which came in late into the race for the troubled BusinessWeek, has emerged the winning bidder. The magazine, BusinessWeek.com and other assets will go to Bloomberg for a reported $3-5 million in cash and liabilities.  Here’s a round up of our close coverage of the deal: ——Bloomberg Wins…

Nokia (NYSE: NOK) may have added another location service to its collection. TechCrunch is reporting that the handset company has acquired Dopplr, the social travel network, for $15-20 million. Nokia, already in the news for a rumor that it’s interested in buying Palm (NSDQ: PALM), has the usual no comment…

Audience measurement/analytics has been one of the few areas where companies have been able to hold out for high M&A prices. The latest example: Adobe Systems  has struck an agreement to acquire audience analytics company Omniture for $1.8 billion. The terms call for Adobe (NSDQ: ADBE) to pay Omniture (NSDQ:…

Last month we got a tip that Yahoo (NSDQ: YHOO) was in the final stages of buying one of the largest Arab online portals Maktoob, for about $75 million. This was right when the MSFT-Yahoo deal was announced, and we tried kicking the tires on it, and finally gave up…

Updated: Facebook has purchased social sharing service FriendFeed—in a deal that should give it both additional technology and engineers to beef up its product. Financial terms of the deal were not released, although the WSJ puts the price at nearly $50 million, including $15 million in cash, with the remainder…

Hyderabad-based digital marketing firm Ybrant Digital is continuing its acquisition spree. Close on the heels of its purchase of Argentinian ad network Dream Ad, the company today said it has acquired Australia-based ad network Max Interactive. The deal marks Ybrant’s entry into the wider Asian and Pacific market. The terms…