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Justin Timberlake Backs Myspace Acquisition

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Irvine-based Specific Media , the Internet advertising network run by Tim Vanderhook, has released further details on the company's acquisition of Myspace , saying that Justin Timberlake is taking an ownership stake and major role in the acquisition.

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Rubicon Project Acquires Mobile Advertising Firm Mobsmith

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Los Angeles-based Rubicon Project , the online advertising optimization company run by Frank Addante, has made another acquisition this morning. The firm said it has acquired Mobsmith , a provider of mobile advertising products. Details and size of the acquisition were not announced. READ MORE>>.

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OpenX Gets $22.5M More For Online Advertising

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Pasadena-based advertising technology firm OpenX has raised $22.5M The company said the new funds will go towards growth, financing acquisitions, and international expansion. That growth was driven by its real-time-bidding exchange, plus the acquisitions of two companies, LiftDNA and Jumptime. READ MORE>>.

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Internet Brands Acquisition Completes

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El Segundo-based Internet Brands said Friday that the acquisition of the firm by private equity firm Hellman & Friedman has closed. The acquisition, which had originally been announced in September, was worth $640M. JMI Equity also invested in Internet Brands as part of the sale.

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Local.com Drops LEC Billing Acquisitions

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Irvine-based Local.com , the online operator of local search advertising sites, said today that it has suspended its acquisition of LEC-billed subscribers, and will focus on providing its own, credit-card local business product, Exact Match. Tags: local.com local paid search advertising. READ MORE>>.

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Internet Brands 2009 Acquisition Total: $24.2M

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in acquisitions, earnout, and holdbacks during 2009, as part of its 2009 fiscal results release. The firm's results were helped by increases in consumer Internet advertising revenue and licensing revenues, but hurt by a continuing weakness in its automotive e-commerce efforts. Los Angeles-based Internet Brands revealed it spent $24.2M

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Report: Airpush Said To Be Near Acquisition Deal Worth $170M

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Los Angeles-based mobile advertising network Airpush , which is led by Asher Delug, is in the midst of being acquired by Israeli company Perion , according to a report Monday evening. airpush merger acquisition conduit perion rumor mobile advertising android' Perion owns Incredimail, Smilebox, and other Internet properties.