Headshift is a social media company that helps companies improve customer engagement and communication.  Headshift started in 2003 and has services based in the U.K. and Australia.  The company has clients in the legal, consumer products, health care, government, and publishing sectors.  Some of their clients include AXA, BP, and BBC.  Headshift was recently acquired by Dachis Group and Austin Ventures.  The financial details of the acquisition were undisclosed.  Before the acquisition, Dachis Group had about 6 employees.

Dennis Mudd has stepped down as the CEO of Slacker over the weekend.  However Mudd will remain on the B.O.D.  Mudd stepped down so he could spend more time with his family.  His daily tasks will be passed on to Jim Cady, the current COO and President of Slacker.

Mudd previously founded Musicmatch Jukebox, a company that Yahoo! bought for $160 million in 2004.  Slacker raised $70 million in VC funding since the company started.  Investors in Slacker include Austin Ventures, Mission Ventures, Rho Ventures, Centennial Ventures, and Sevin Rosen Funds.

Slacker designs a portable music player device.  Slacker has BlackBerry and iPhone applications but they have quite a bit of competition.

Austin Ventures and two private equity firms have acquired Entrepreneur Media for a price roughly under $200 million.  Entrepreneur Media made roughly $80 million in revenues last year.  The acquisition should be finalized in July when due diligence is complete.

Seeing as how many Business 2.0 and Red Herring shut down, it is becoming clear that print publications are suffering from the competition of online publications.  With this influx of cash, Entrepreneur magazine could revamp their whole brand.

The problem I have with Entrepreneur magazine is that it features stories that are just bad.  Their Networking blog is even worse.  The stories are bland and don’t get me started on their load times due to the Digg plugin also.  Entrepreneur magazine should take the money and replicate Wired.com’s strategy.  Hire some quality writers, find a strong niche, and write interesting content for crying out loud. 

Information Source:
[1] paidContent: Austin Ventures and Another PE Firm Buying Entrepreneur Media by Rafat Ali