Indian mobile and desktop communication and entertainment Geodesic has bought South American messaging and collaborations company Interactive Networks, which will become a wholly owned subsidiary. The acquisition gets Geodesic into the South American and African markets—it was already in India, Europe, Asia and the US. There seem to be good…

Hyderabad based digital marketing solutions provider, Ybrant Digital which reported a $55 million topline for FY07-08, is putting its money to better use. It has acquired Argentina based ad network, Dream Ad for an undisclosed amount. Dream Ad has been operating since six years and has over 300 clients. Besides…

In an intertesting development, publishing firm Infomedia 18 Ltd has acquired local reviews website Burrp!. The financial terms of the deal have not been disclosed. Burrp! is one of the first few local information websites launched in the Indian market in the last three years. Burrp! describes itself as a…

Sabeer Bhatia, the founder of Hotmail, has now given up on another internet business. French business networking site Viadeo has acquired Bhatia-funded social networking website ApnaCircle.com. The financial terms are not disclosed, but the deal is in stock only, according to Yogesh Bansal, co-founder of the Indian networking site. The…

Malaysia based media conglomerate Astro Group has acquired a 50 percent stake in online firm Mogae Digital for $5 million. Mogae Digital is promoted by Sandeep Goyal and Tanya Goyal, the Indian JV partners of Japanese giant Dentsu, the single largest ad agency in the world. The proceeds of the…

Female-focused ad net Glam Media has acquired online ad optimizer AdaptiveAds. Terms weren’t disclosed. The three-year-old startup is backed by Draper Fisher Jurvetson and has offices in San Francisco and Mumbai, India. In conjunction with the purchase, Glam Media is opening an office in Mumbai and establishing an engineering presence…

techTribe, backed by Canaan Partners, is now exploring options like finding a strategic partner or a buyer. The business model for online recruitment based on referrals is not “working out”, techTribe CEO and Founder Rohit Agarwal admitted in an interview to VCCircle. The company is now exploring options like a…

Entrepreneur Vinay Chhajlani and journalist Jehangir Pocha have bought INX News, which runs an English channel. INX News Pvt Ltd, the company which owns news channel NewsX, has got a new owner. The company, promoted by Peter and Indrani Mukerjea, has been sold to Indi Media Company Pvt. Ltd. The…

Yahoo (NSDQ: YHOO) has acquired a 30 percent stake in Indian telephone-directory search service called Call Ezee, which is owned by Network Management Co., reports Reuters. Yahoo’s cash infusion will help the company expand its reach from covering 14 cities to up to 50, and grow its information data base…

Reliance Communications (RCom), the country’s second largest telecom company by subscribers, is in talks with various strategic players to sell a 20-26% stake. The deal in talks will be in two phases, beginning with a purchase of shares from secondary markets followed by issue of fresh shares through preferential allotment,…

Digital Outsourcing is a cable TV subsidiary of You Telecom, in which CVCI has an 85% stake. Tulsi Tanti, chairman and managing director of Suzlon Energy, has picked up a 49% stake in cable TV firm Digital Outsourcing for around Rs 100 crore, reports Business Standard. Digital Outsourcing, floated in…

Vodafone (NYSE: VOD) has suffered a setback in its plans to expand its business in India after the Mumbai High Court threw out the company’s challenge against a $2 billion capital gains tax bill for its $11 billion acquisition of Hutchison Essar. Vodafone is planning to appeal to the Supreme…

Nasdaq-listed Sify Technologies Ltd has announced its decision to proceed with the planned merger of Sify Communications Ltd into Sify Technologies Ltd. Sify Communications Ltd is a majority-owned subsidiary of Sify Technologies Ltd. Sify Communications holds National Long Distance (NLD) and International Long Distance (ILD) licenses. The merger of the…

This deal marks the completion of the first major buyout of an integrated media house by a multi-national firm. Walt Disney (NYSE: DIS) has completed the acquisition of UTV Software. The second largest US media house has acquired 22.65% in the open offer and has raised its holding in the…

Picsquare CEO Manish Agrawal has confirmed the deal with Ahmedabad-based Infibeam to VCCircle. Bangalore based photo printing portal Picsqure has been sold to Indian online retail firm Infibeam. Picsquare CEO Manish Agrawal has confirmed the deal to VCCircle. He, however, refused to divulge the financial details nor commented whether it…

Star’s acquisition of majority stake in Asianet shows the importance of growing South Indian media. Asianet Communications Ltd (ACL), Malayalam’s first entertainment television company, has finally landed in the hands of Rupert Murdoch’s Star TV. Star will take a majority stake in a joint venture company with Asianet’s current owner…

Zee News already runs a Bengali news channel, 24 Ghanta, owned by Zee Akaash News Pvt. Ltd. in a 60:40 JV with Sky B. Media and entertainment company, Zee News Ltd, has acquired a 26% stake in Sky B (Bangla) Pvt Ltd, a regional media company of West Bengal. Zee…

As we gear up for Tuesday’s EconMusic conference in London, we’ve assembled a list of the top five recent music deals by size. Given the tremors in the music industry, it should come as no surprise that the deals—both in size and kind—are quite varied by sector, as players look…

Mobile content company Coruscant Tec has finally found a buyer. Bollywood biggie Mukta Arts Ltd has agreed to pick up 51% stake in Mumbai based Coruscant for an undisclosed sum. Mukta has retained the right to acquire the remaining 49% stake by next year, Probir Roy, Co-founder and board member…