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Conduit, the Israeli provider of toolbars and other “engagement” products for publishers, got a big number attached to its name today: A valuation of $1.3 billion. As had been rumored (but for double the price), early Conduit investor Yozma Venture Capital sold off its stake. J.P. Morgan’s Digital Growth Fund bought 7 percent of the company for $100 million, with Conduit’s founders maintaining their controlling stake.
News ByteMeebo, the Web toolbar maker, has acquired a New York City-based start-up called Mindset Media, which specializes in psychographic targeting for brand advertising. The company said the acquisition will help with its expansion of advertising products. Twelve members of the Mindset team will be joining Meebo, while two who work in business development will not. Financial terms of the deal were not disclosed.