Adconion

Joost: It coulda been a contender, or not

If you stepped in late, it sounds awfully dull.

An announcement Tuesday tells us all that "certain assets" of a "white-label" online video service called Joost have been acquired by Adconion Media, which calls itself "the largest independent global audience and content network." The acquisition "will be able to provide advertisers, content owners, and Web site publishers with an end-to-end global video platform and cross-channel video and display ad-serving solution," according to a statement from Adconion CEO Tyler Moebius. Financial terms were not disclosed. Yawn.

But really, it's an exceptionally anticlimactic … Read more

Glam Media, Adconion fill their ad-network treasure chests

Two online advertising networks, San Francisco-based Glam Media and the London-based Adconion, have raised some major venture dollars. The news was originally reported in The Wall Street Journal.

Glam Media, which operates a central core of sites geared toward women and serves ads on a network of over 400 partner sites, has raised a total of almost $85 million--$64.6 million from investors led by Hubert Burda Media, and $20 million in debt financing. The company's valuation, according to the Journal, will be around $500 million, and it hopes to pull in $100 million in revenue this year.… Read more