Today’s top stories: The mobile content provider Jamba is to be sold off by News Corp.; Shopotainment, the social shopping platform, has secured funding from the IBB and two unnamed angels; and entrepreneurs will rub shoulders with investors at the Rapid Venture Campus later this month.
News Corp. to offload Fox Mobile (Jamba!)
Rupert Murdoch’s media group News Corp. is looking for a buyer for Berlin-based Fox Mobile Group, the ringtones specialist formerly known as Jamba. Chase Carey, COO of News Corp., told Wall Street analysts that „a process to potentially sell that“ was already underway, as reported by mobile content news site MocoNews. Chase also revealed that in the last quarter News Corp. had written off $217m from the value of its outdoor and mobile businesses.
IBB invests in Shopotainment
The social shopping startup Shopotainment has just completed a financing round, securing proFIT funding from the Investment Bank Berlin and investment from two „experienced business angels“. The size of the deal was not revealed. Shopotainment users create a profile of their shopping habits – based on which they receive recommendations that point to affiliate products – and can share their profile with friends.
Rapid Venture Campus
Young founders get to rub shoulders with experienced entrepreneurs and investors at Rapid Venture Campus, a networking event to held in Ilemanau on 26 August. Hopeful startups will be making elevator pitches to potential investors. Speakers include mp3-inventor Karlheinz Brandenburg and representatives from a number of high-powered VCs, such as Mountain Super Angel and High-Tech Gründerfonds.