Reports that surfaced in the New York Post a week ago that Philadelphia Media Network, owner of the Inquirer, Daily News, and Philly.com, was for sale again turned out to be true, with a group led by Ed Rendell and Ed Snider and another led by members of the Perelman family mentioned to be among the candidates to acquire it.
Exton-based SaaS insurance provider iPipeline"s latest funding round, announced in January, turned to be for $71.4 million, according to its SEC filing.
Scrutiny of the proposed spectrum sale and reseller agreement between Verizon Wireless and Comcast and other cable companies intensified, with a Senate committee planning hearings for later this month. Meanwhile, the joint marketing arrangement continued to roll out, expanding into the Bay area.
The closing of SAP AG's $3.4 billion acquisition of SuccessFactors could be delayed for weeks, possibly even months, as the Committee on Foreign Investment in the U.S. (CFIUS) investigates it, for some reason.
Philly-based ad agency Red Tettemer & Partners (Century 21) and local crowdsourcing site Poptent (Dannon) both had ads they produced run during the Super Bowl, which ad people say is two more than Philly's ever had before. And Nielsen said NBC's 2012 Super Bowl broadcast was the most watched program in TV history.
And Comcast may invest, through its partial ownership of the SNY cable network, $40 million to help bail out the New York Mets. Traitors.