Seven Questions for Asheem Chandna of Greylock Partners

Asheem Chandna is a director in the Greylock-backed Palo Alto Networks, the fast-growing network security start-up that just hired away the CEO of Verisign.
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Now That Intel’s In Control at McAfee, President Dave DeWalt Resigns

Intel has named two new co-presidents at its newly acquired McAfee security software subsidiary. The bigger news is that president Dave DeWalt is leaving.
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AOL Officially Adds 5Min to Its Roster. Next?

Here’s the official press release announcing AOL’s acquisition of 5Min Media. Sources familiar with the transaction tell me it’s an all-cash deal at the high end of the $50 million to $65 million range I reported earlier today. So let’s call it $65 million.

Zynga Buys Austin-Based Challenge Games

Zynga, the online gaming powerhouse, has acquired Austin, Texas-based Challenge Games. The social game start-up will be renamed Zynga Austin and be focused on product development. Backed by Sequoia Capital and Globespan Capital Partners, Challenge focuses on virtual goods games, such as Warstorm.

Exclusive: Apple to Buy Quattro Wireless for $275 Million

Apple is set to announce that it has acquired Quattro Wireless for $275 million, several sources confirmed. The announcement might come as soon as tomorrow, upping the ante in the mobile advertising business significantly. Google recently forked over an astonishing $750 million for AdMob, a Quattro competitor, which Apple had also made a bid to acquire.
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Another Bet on Video: How-To Start-Up 5min Raises $7.5 Million

Web video companies that wanted to take on YouTube are having a very hard time. But Web video isn’t going away, either, and there has to be some way to make it work for users, publishers and investors. Right? Hence, another round of funding for 5min, a video start-up that just raised a $7.5 million B round. New investor Globespan Capital Partners led the round, and Spark Capital, the VC shop that has made several video bets (along with a big one in Twitter) made a second investment.
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