Sears Holding Corporation (NASDAQ:SHLD) and Kmart are partnering with Sonic Solutions to launch a service called Alphaline Entertainment. Alphaline Entertainment is an online service that will be selling downloadable movies online. Sonic’s RoxioNow is also known for powering the online movie rental service for Best Buy and Blockbuster. Alphaline will be renting out movies for $3.99 or $19.99 to buy new movies. Below is the full press release:

Delver is a “social search” engine company that was getting close to shutting down after raising $6 million in venture capital.  But out of nowhere retail chain Sears Holdings Corporation (NASDAQ:SHLD) deviced to acquire Delver.  The acquisition amount was undisclosed, but it is safe to assume that the VCs probably did not get a lot of their money back.

As part of the acquisition agreement, Delver co-founder and CEO Liad Agmon will move to the U.S. and become a VP at Sears.  Other Delver employees will remain at the offices in Israel and continue to work from there.  Delver’s Israel office will become a Sears development center.  Delver will continue to develop their social search engine.

What Sears actually will do with a social search engine, I can’t even imagine.

[via Globes Online]