Attention Shoppers: Coupons.com Grabs $30M in Funding From Greylock

VCs search for a bargain in longtime digital promotions site.
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TownHog Focuses on Publishing Partnerships as Its Own Daily Deal Brand Fades

San Francisco-based TownHog is rolling out a new feature for its daily deals platform, which will allow third-party publishers to make offers in real time through mobile applications.

Gilt's Jetsetter Expands Travel Discounts to Third Parties

Jetsetter, the Gilt Groupe’s foray into into the travel world, is partnering with ASmallWorld, an invitation-only social networking site, to expand its audience beyond its own membership base of two million users.

Bit.ly URL Shortener Raises $10 Million

Bit.ly, the start-up you’ve probably used recently to send someone a shorter version of a Web address, has raised another round of funding. The service, spun out of the Betaworks incubator, says that the RRE VC fund led the round, and that partner Eric Wiesen will join the company’s board.

Exclusive: VMware Likely to Buy Zimbra From Yahoo

Yahoo is close to selling its Zimbra unit to VMware, according to several sources close to the situation. Sources said the deal could be announced soon, but the price for the open-source email unit was still unclear. One source noted that the reason that VMware was interested in nabbing Zimbra was that its execs want to expand “up the stack” from the software company’s position in virtualization. And Yahoo’s reasoning? The Internet giant has been targeting assets for “de-acquisition” that are not central to the strategies of its new management.
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Going, Going…Most of What’s Left of Joost Goes to Adconion Ad Network

The tale of Joost, the would-be online video heavyweight, is almost at an end. Most of the company’s remaining assets have been sold off to Adconion Media Group, the two companies announced today.
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Who’s Going to Work for Nikki Finke?

Nikki Finke, the Hollywood power blogger who recently began working for Jay Penske’s Mail.com Media Corp., has a new Web site. And soon, she will have a new employee–a “well-known figure from established media.” But who is it?
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Here Comes the Video Shakeout: Joost Scales Down, CEO Mike Volpi Steps Out

Here’s the beginning of the inevitable online video shakeout: Joost, the once-hyped video service that was supposed to rival Google’s YouTube, is restructuring to focus on “white label” services, i.e., a back end for other video players. The site is laying off the majority of its 100-plus employees, and CEO Mike Volpi is out, replaced by Matt Zelesko, who had been SVP of engineering.
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