Wednesday, May 16, 2007

Deals within the web 2.0 sector for May 16

MySpace To Acquire Flektor
MySpace will acquire Flektor , a just-launched service that allows users to create widgets from photos, video and text, according to two sources with knowledge of the deal. This comes right after the news of MySpace’s pending acquisition of Photobucket last week for $250-$300 million. This will be a much smaller deal, in the $10-$20 million range, possibly with an earnout.

Stockalicious raises $50k in funding
5 months old Singapore based startup Stockalicious is claiming that it has raised $50K in funding from angel investors . The startup enables users to keep track stocks, create portfolio, compare their portfolio performance against the market, and provides a embed code for portfolio to bring it up blogs and websites. Stockalicious currently supports Nasdaq , NYSE , AMEX and OTCBB .

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