US-based social media management startup Percolate lands $24M in Series B funding

New York, US-based social media management startup Percolate landed $24 million in a Series B funding led by Sequoia Capital to help companies monitor conversations and create content on social media.

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Microsoft invests $15M in Foursquare, inks licensing deal for location-based data

Tech giant Microsoft invested $15 million in location-based social networking app Foursquare and inked a licensing deal to use the latter's places database in their products and services.

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American digital media firm SpinMedia acquires itself, nabs $10M in funding

Hollywood, US-based digital media firm SpinMedia Group acquired SpinMedia LLC for an undisclosed amount, and poured in $10 million in funding to deal with the company's debts.

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Yahoo COO Henrique De Castro leaves the company

Yahoo Chief Operating Officer (COO) Henrique De Castro is leaving the company tomorrow, January 16, according to a regulatory filing, but the exact reason for the departure is unclear.

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