News Byte

Flipboard to Close Additional $50 Million Investment Tomorrow

Flipboard, which recently raised $50 million in new funding in a round led by Rizvi Traverse Management and Goldman Sachs, will file information about an additional $50 million investment from Rizvi tomorrow, said sources. The expansion of its Series C funding means that Flipboard will have raised about $160 million in total, and puts the valuation of the Silicon Valley startup that makes the popular social reading service that has 100 million active users at $800 million. The possibility of extra funding was first reported by Fortune’s Dan Primack.

LeapFrog’s Latest Gadget for Kids: Magic Pen for Both E-Reading and Writing

Now if you could just tear your kid away from the iPad …
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Yahoo Paid $30 Million in Cash for 18 Months of Young Summly Entrepreneur’s Time

For the PR boost alone, it might be worth it.
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LinkedIn to Buy Pulse Newsreader for More Than $50M

And the winner is … LinkedIn!
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Who’s About to Acquire News Reading App Pulse? Try an Unlikely New Content Powerhouse: LinkedIn.

Read all about it: The nifty startup is in advanced talks to be acquired by a major “platform” company — and my vote goes to the fast-growing business network.
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Viral Video: Samuel L. Jackson Channels Taylor Swift (Oh, Goody)

We are never ever going to stop laughing.
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As Fantasy Football Servers Fumble on Game Day, Yahoo Rolls Out More Homepage Tests Ahead of December Launch

“Winning isn’t everything, it’s the only thing.” — Vince Lombardi
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Wattpad Takes Quick $17.3M for Thriving E-Book Community

Wattpad, a booming e-book community site, hosts five million stories, with 500,000 added per month.
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Deep Diver James Cameron Talked Ocean Geekery Way Back at D8

His love of the sea goes on (and deep this time).
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