Bahat to Head $75 Million Bloomberg Beta Tech Fund

The newly minted VC is charged with investing in and also creating early-stage startups for the media and financial news giant.
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Zynga’s Pincus: “None of Us Ever Expected to Face a Day Like Today”

It’s not easy being mobile.
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Another VC Is Born: Well-Known Internet Exec Ben Ling Joins Khosla Ventures

The former Google, Facebook and Badoo exec is the second high-profile Silicon Valley operating exec the VC firm has hired of late.
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News Byte

Yahoo Scoops Up Another Small Startup: Gaming Platform PlayerScale

Yahoo said it had bought PlayerScale, a small gaming infrastructure startup for cross-platform gaming. Yahoo has been on a bit of a tear in buying up small companies for low prices, to strengthen its talent and expertise in a wide variety of arenas, including mobile, productivity and gaming. Terms of the deal were not disclosed, but PlayerScale said on its blog that it would “continue to support our existing product,” which is Player.IO.

Former Yahoo Shashi Seth to Join Tribune as President of New Digital Ventures Unit

A new investment arm of the media giant gets a new exec to find new ideas.
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Yahoo Tumblrs for Cool: Board Approves $1.1 Billion Deal as Expected

Done (just like we said).
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Will Yahoo Try to Get Its “Cool Again” by Doing a Deal for Tumblr?

Could an investment in or purchase of the hipster blogging service take years off the Silicon Valley Internet giant?
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Japan’s Rakuten Ups Its Stake in the Rebranded Grommet

More money for the “Citizen Commerce” platform.
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Yahoo’s Mayer Has Met with Hulu Execs in a Preliminary Look-See at Premium Video Unit

An Amazonian Challenge: Jason Del Rey Joins All Things Digital, Covering Online Commerce

Sweet? Biz Stone Is Poised to Launch New Mobile Startup Called Jelly.