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Facebook Buys User-Generated Destination Guide Nextstop

Facebook has bought - and is shutting down - Nextstop, a user-built guide to places and things to do around the world.

Senh: Interesting how Facebook has recently bought and shutdown a couple sites. The did the same with Divvyshot. Since these sites don't have much traffic, it's probably better for them to just acquire the team.

Google to Acquire Air Travel Data Company

The search giant agreed to acquire ITA, which makes software that organizes flight and pricing information.

Woot Aquired by Amazon

Holy crap! Woot has signed an agreement with Amazon - yes, the Amazon - to become an independent subsidiary of the ecommerce colossus.

AOL Close to Selling Bebo

AOL is near a deal to sell the Bebo social-networking site to Criterion Capital Partners for a fraction of the price it paid two years ago to buy it.

Senh: That's the problem with social networking sites. If you're just relying on online ads, it's really tough because click-through rates are really low for social networking sites. Users on social sites just don't click on ads, as compared to content sites.

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Regulators Approve Google Deal for Mobile Ad Firm

The surprising endorsement by the Federal Trade Commission of Google’s deal for AdMob follows Apple’s purchase of Quattro Wireless, an AdMob rival.

United Air in $3B-plus stock deal for Continental

United Airlines is buying Continental in a $3 billion-plus that would create the world's largest carrier with a commanding position in several top U.S. cities....

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H-P to Buy Palm for Nearly $1 Billion

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.