Daily Deal Deflated: Groupon-Google Talks End

The acquisition talks between Google and Groupon have ended. “It’s as over as these things get,” said one person close to the situation. The reasons for the collapse of the discussion are not clear at this moment, but it seems to center on the decision by the social buying site to remain independent and perhaps go for an IPO.

Sina-Focus Media Deal Collapses

Chinese Web portal and mobile phone content provider Sina’s deal to acquire the billboard operations in China of Focus Media Holding has collapsed today, almost ten months after it was first announced.

Is Media Spending Up? It Better Be.

Another “things are looking up, sort of, maybe” report from medialand: A survey of advertisers says that many of them intend to increase their spending in the coming months. Except for those who say they’re going to decrease spending. Bigger picture: A year ago, things started getting downright terrible, which is going to make it a lot easier to say that things have improved today.
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A Google Lawyer Waves Goodbye, Lands at Twitter

We’re used to seeing Google vets leave for Facebook. Now they’re headed to Twitter. The buzzy microblogging service has just grabbed its highest-profile Google exec to date: Alexander Macgillivray, a deputy general counsel at the search firm, is coming aboard as Twitter’s top lawyer.
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Analyst: The Great Dark Times Cometh!

The financial markets’ descent into the maelstrom over the past several weeks is proving quite a test of faith for Collins Stewart analyst Sandeep Aggarwal. Last week he cut his estimates for Yahoo, citing the company’s deteriorating fundamentals. Since then he’s become increasingly dismayed by Wall Street’s continued collapse.

SanDisk Falls 10 Percent As Citi Says 2009 Estimates Too High

Shares of flash memory chipmaker SanDisk (SNDK) are falling $1.89, almost 11 percent, to $15.75 this afternoon following a note by Citigroup analyst Craig Ellis today that says 2009 earnings estimates are in jeopardy for the company because contract prices for flash are plummeting.