After acquiring SocialMedia.com in stock, the numbers about daily coupon e-mail company LivingSocial was revealed. SocialMedia.com will be getting 545,000 shares of common stock in LivingSocial, which is valued at about $3 million. LivingSocial has about 520 million shares outstanding and based on the Series E preferred price of $5.65 per share, it gives the company a $2.9 billion valuation. According to a source with TechCrunch, LivingSocial is hitting $50 million in revenue per month. The company is projecting $1 billion in 2011 revenues. [TechCrunch]

When Sarah Lacy interviewed Spark Capital partner Bijan Sabet about the danger of venture capital firms investing in similar companies, she indirectly found out about some drama between Tumblr and BNTER after doing some follow-up investigation. Lacy found out from three sources that Spark Capital had reneged on a term sheet that was offered to BNTER, a start-up based in New York founded by Lauren Leto.

Glam Media hit a run rate of $100 million in annual revenue and is planning to go public around next fall according to a source with VentureBeat. Glam Media is hiring bankers to help them plan the IPO. Glam Media provides ads to independent publishers in exchange for a cut of the revenue. Fashion and shopping bloggers and publishers share the revenue 50-50 with Glam. Glam’s network of publishers hit about 90 million monthly unique visitors. Glam started about six years ago and is led by CEO Samir Arora. [VentureBeat]

T. Rowe Price Group, Inc. (NASDAQ:TROW) has revealed some of their investments in social media companies. They have invested a total of $190.5 million in Facebook as of the end of March. The company also invested $71.8 million in Zynga and $86.8 million in Groupon. Two years ago T. Rowe participated in a $100 million round in Twitter along with Insight Venture Partners, Benchmark Capital, and Morgan Stanley. Other investments include $10 million worth of equity in Ning, $35 million equity in Angie’s List, and $114 million equity in YouKu.com. [NYT]

Sprint Nextel CEO Dan Hesse recently did an interview about his thoughts in regards to AT&T’s acquisition of T-Mobile. Hesse said that AT&T’s acquisition of T-Mobile would jeopardize innovation. AT&T announced that they were going to acquire T-Mobile for $39 billion in late March. “If AT&T is allowed to swallow T-Mobile, competition will be stifled, growth will be stifled and wireless innovation will be jeopardized,” said Hesse in an interview with reporters in downtown San Francisco. [Reuters]

Sony Corporation (NYSE:SNE) has announced that they have shipped over 8 million Move controllers to retailers as of April 3rd. The Move controller eco-system is also seeing some momentum as demonstrated by the success of the PS Eye. Another major milestone Sony hit was the sale of over 50 million PlayStation 3 consoles. [Joystiq]

Alfa SAB de CV (MXK:ALFAA) has acquired stake in Alestra from AT&T Inc. (NYSE:T). AT&T sold their 49% stake in telecommunications company Alestra to Alfa. Now Alfa has 100% ownership.