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Twitter is raising money at a $1 billion valuation. The micro-blogging service is hoping to raise approximately $50 million at the $1 billion valuation. While the company still doesn’t have a true business plan, let alone generates revenue, it very well could raise an additional $50 million, as it raised $35 million earlier this year.

And while Twitter’s new investors are going to own a fractional percentage of Twitter, KKR could end up owning as much as 20% of Eastman Kodak.  They are leading a $700 million hybrid equity and debt round of financing.  It’s a good investment, Kodak is coming back strong.

Google is reportedly in talks to purchase streaming video service Brightcove. While rumors have not been substantiated, reports claim that Google will purchase the company for between $500-$700 million. While the company has reportedly earned over $80 million this year, CEO Jeremy Allaire was recently on a publicity tour, during which he claimed that Brightcove didn’t want to be acquired by a bigger company.

WWE CEO Linda McMahon has resigned as CEO of the company in order to run for Senate. McMahon, who has appeared on screen as a character in the WWE’s entertainment sports programming, will be succeeded by her husband Vince McMahon. McMahon is seeking the Republican nomination in Connecticut.

Skype founders Janus Friis and Niklas Zennstrom are suing Skype in a copyright lawsuit. The suit was filed by the Joltid, a company owned by the Skype founders, would interfere with eBay’s plans to sell Skype to a group of investors for $2 billion. Joltid is also seeking profits that Skype generated while using its patented technology, damages that reportedly amount to $75 million daily.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



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