Multiverse Gets $4 Million in Funding

Multiverse, the virtual world -based platform which has been around for quite a while now, has received just over $4 million in funding from Sterling Stamos Capital Management . The folks at Multiverse, some of which have worked on Netscape in its glory days, say they’re gonna use the money to get more staff and to finally get their product out of beta stage. They plan to launch a consumer network of games and virtual worlds later this year or early 2008.

Google agrees to acquire Panoramio

We are very (and we mean very) happy to announce that Panoramio will be acquired by Google. The integration of photos from Panoramio in Google Earth has been so successful since John Hanke suggested it that we see the acquisition of Panoramio as a natural consequence.

CBS to buy social network Last.fm

It is expected to pay $280 million for the Last.fm site, which caters to music fans. CBS Corp. is buying a popular social networking website organized around musical tastes for $280 million, combining a traditional broadcast giant with an early leader in online radio . CBS is expected to announce today that it has acquired London-based Last.fm, which claims more than 15 million monthly users, including more than 4 million in the U.S.

Mozilla Invests in Democracy TV

Mozilla has invested in the non profit , Participatory Culture Foundation, the makers of the Democracy Player , which is soon to be renamed Miro. Terms for this investment were not disclosed. Mozilla feels that Miro aligns with the goals of innovative options for the Internet that it’s been dedicated to since its onset.