AppNexus has raised $25 million in funding from WPP. WPP’s stake in AppNexus has increased to around 15%. WPP previously had an equity stake of under 1%. WPP is going to transfer ownership of its “Xaxis For Publishers” ad service to AppNexus. WPP is investing heavily in the programmatic media space.
Google Inc (NASDAQ:GOOG) has decided to drop their funding for a conservative group due to its stance on climate change. In an interview with NPR, Google executive chairman Eric Schmidt said that Google will not renew its membership with the American Legislative Exchange Council (ALEC). Schmidt said that the conservative group was “literally lying” by opposing efforts for reducing global warming.
During a interview with an Irish radio station, U2 frontman Bono talked about the band’s collaboration with Apple Inc. (NASDAQ:AAPL). Bono claimed that Apple now has 885 million iTunes accounts, which is up from 800 million in April. Bono is working with Apple on a new music format. Bono originally came up with the idea for a new music format during a conversation with late Apple co-founder Steve Jobs in 2009.
Yahoo! has acquired an online document creation and collaboration service company called Bookpad, which is known for making Docspad. Docspad is a service where developers can add document viewing and editing features in their own applications. The deal is believed to be worth around $8.3 million. The terms of the deal were undisclosed. Bookpad was founded by graduates from the Indian Institute of Technology (IIT) Guwahati: Aditya Bandi, Niketh Sabbineni, and Ashwik Reddy. Investors in Bookpad include NASSCOM and Microsoft Ventures.
AT&T and the Chernin Group run a joint venture called Otter Media. Otter Media has now purchased a controlling stake in Fullscreen, which is one of the most popular YouTube channels.
Amazon.com, Inc. (NASDAQ:AMZN) rarely ever discusses the numbers for its products. Last year, Amazon said that it had tens of millions of Prime subscribers. Amazon Prime is a service that offers free two-day shipping, Prime Video, Prime Music and a lending library for the Kindle.
Ping Identity provides Internet and SaaS identity security and single sign-on solutions to enable secure access to Internet apps. Ping Identity has raised $35 million in funding led by KKR with participation from Ten Eleven and several other investors. Ping Identity has raised a total of $110 million. Ping Identity has around 1,200 customers, including half of the Fortune 100.