Club Penguin In Acquisition Talks With Sony For $500+ million

It’s been rumored for a while that Montgomery & Co. is representing virtual world Club Penguin in a sale transaction. It looks like the company is locked in talks, possibly exclusive, with Sony, and the price is ‘at least half a billion’ says a source close to the deal. AOL Acquires ADTECH AG

AOL announcedР’В today that it has acquired a controlling interest in ADTECH AG, a leading international online ad-serving company based in Frankfurt, Germany. The acquisition provides AOL with an advanced ad-serving platform that includes an array of ad management and delivery applications enabling website publishers to manage, traffic and report on their online advertising campaigns.

mTracks Gets Funded, Launches Beta Site

mTraks, the online music community and digital music marketplace, announces its public beta launch and the $550,000 it has raised in angel funding represented by Wilson, Sonsini, Goodrich and Rosati.

Veotag Gets $750K in Angel Funding

Veotag, the video tagging service, has raised $750,000 from professional angel investors . See our initial review of Veotag here . Veotag’s deep tagging service lets you create an interactive table of contents for your video clips, perfect for finding the exact portion of the video you’re looking for.

WPP Acquires 24/7 Real Media for $649m

Online advertising services firm 24/7 Real Media is to be acquired by the WPP group for $649 million. The old time internet advertising firm had its origins serving ads for Yahoo! and Netscape in 1994 and was formerly founded the following year as Real Media. After numerous acquisitions it took its current name and grew to have 20 offices in 12 countries, serving over 200 billion advertising impressions every month.