Twitter While You Watch TV? Bluefin Labs Is Watching.

And the marketing start-up has just raised another $12 million. Think about that the next time you fire off a comment during an NFL game.
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Social Web Spans Generations on Newly Launched Ohanarama

Kids and social networking are a touchy combination. But it’s not always creepy for kids to interact online with adults. Ohanarama, a social gaming site that launched today, joins family members virtually to play together.
Ohanarama

Lerer Ventures Considers New $50 Million Fund With Hippeau Addition

One of the more interesting pieces of news that got pushed deep down in stories in the noisy swirl around AOL’s $315 million acquisition of the Huffington Post was the move of its CEO Eric Hippeau back to the investor side. He’ll be going to Lerer Ventures, which is run by HuffPo co-founder, chairman and major investor Kenneth Lerer, and is contemplating a big expansion of its efforts. BoomTown talked to both about it today.

You've Got Arianna: AOL Buys Huffington Post for $315 Million in Cash and Stock, Appoints Huffington Editor in Chief

In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites. As part of the deal, Huffington Post co-founder Arianna Huffington–who was derided by some when she co-founded the left-leaning site in 2005 with investor and well-known communications exec Kenneth Lerer–will become editor in chief of a new unit that has purview over all of AOL content properties. The deal was signed just this afternoon.

I Can Has $30M: LOLcats Become Funny Business

Would the thought of investing $30 million in a set of WordPress blogs and tools for captioning pictures of cats make you laugh out loud?

Hey Start-Ups! These Guys Have Checkbooks. Just Ask Them!

When times are tough, you don’t get VCs in a room to convince start-ups to work with them. But that’s what’s happening Wednesday, so take the money while you can. Also: Free beer!

News Byte

Forbes Gets a New Boss: Softbank's Mike Perlis

After a very, very long search, Forbes Media has finally tapped a new leader: Softbank Capital’s Mike Perlis, who will become president and CEO of the business magazine and Web site. Perlis fills holes left by former Forbes.com publisher Jim Spanfeller, who left in 2009, and Forbes magazine publisher Jim Berrien, who left in 2008. The move also means that COO Tim Forbes will no longer run the company day-to-day. Curious what this means for Softbank, which has already seen partner Eric Hippeau head out to run Huffington Post in 2009? Nothing, says Perlis: “Business as usual”.

SoftBank Keeps Up Its Game With MocoSpace Funding

SoftBank Capital forked over $3.5 million in funding to mobile entertainment destination MocoSpace. SoftBank recently invested $150 million in online gaming powerhouse Zynga and apparently wanted to make a play in mobile browser-based social gaming.

Exclusive: The (Digital) End Is Nigh–News Corp. Unloading Beliefnet and Considering Jettisoning Jamba/Jamster

Beliefnet, the spirituality site bought by News Corp. in late 2007, is being shopped around for sale, according to several sources. Sources said that the media giant is also considering selling off Berlin-based Jamba/Jamster, a mobile content provider now called Fox Mobile Group. News Corp. paid $187.5 million to VeriSign for a 51 percent stake in Jamba in 2006 and bought the rest in 2008.

Yahoo Snaps Up Associated Content for $90 Million to Compete With AOL and Demand Media

Yahoo–in a clear attempt to get deep into the social content space and better compete with both AOL and Demand Media–announced the acquisition of Associated Content. Sources close to the situation said the price was $90 million in cash, which is a solid outcome for Associated Content, a start-up that found itself in an increasingly crowded space for cheaper content.

iPhone 3GS on the Way