Yahoo Europe is closing down its advertising partnership program which lets users to put specific ads on their websites. Content Match, which is Google AdSense’s competitor, will be shut down by March 31. According to Yahoo:
Chicago based embedded virtualization software provider for mobile phones and broadband internet devices, Open Kernal Labs, has raised $7.6 million in a round of funding. The round was led by Chrysalis Ventures and was participated by Citrix Systems along with returning backer Neo Technology Ventures.
Brian Chen, the tech publisher for Wired, has revealed that Apple is suing him because he posted a video which showed how to get Mac OS X running on a Netbook. The video is not available on Wired’s blog anymore. Gizmodo spotted Chen’s Twitter message which says, just found out Apple is suing Wired for my video tutorial on hacking netbooks to run Mac OS X.
Sunnyvale, California based communications processor and software solutions provider, Ubicom Inc., has raised $7 million in the Series E. With this round of funding, the total amount raised by the company to date has reached $140 million. The current round was participated by returning backers including August Capital, Mayfield Funds, Levensohn Venture Partners, Lehman Brothers Venture Partners and Investcorp Technology Partners.
According to Ubicom’s CEO, Gangesh Ganesan:
Google finally joins the list of companies who have laid off their employees. The search engine giant has announced that the company will layoff hundred employees and also close down a number of engineering offices in three countries including U.S., Norway and Sweden. The job cuts will be made from the recruiting department.
Seoul based social networking and online gaming services provider, Nurien Software, has raised $10 million in the first round of funding. The company had earlier raised $15 million in April last year. The current round was participated by returning backers including Northern Light Venture Capital, Globespan Capital Partners, New Enterprise Associates and QiMing Venture Partners.