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Saturday, May 30, 2009

Business Finance: Deals for May 09

Some of the interesting venture funding deals and almost deals for May included the following:

Facebook, the social networking site, has held meetings with a bevy of private equity firms to explore raising another round of financing, The New York Post reported. Facebook held “valuation discussions” with Providence Equity Partners, General Atlantic, Bain Capital and Kohlberg Kravis Roberts, among others.

Associated Content, an online publishing start-up, has rounded up $6 million in funding, one month after it named a new chief chief executive, former CBS Interactive executive Patrick Keane, reported. The latest round comes from existing investors including SoftBank Capital, Canaan Partners and AOL chief executive Tim Armstrong, the publication said. The additional cash brings the company’s fund-raising total to $21 million.

Marin Software, a provider of search marketing technology, said it raised $13 million in a third round of funding led by DAG Ventures.

EveryZing, a publisher-based search engine, has nabbed $8.25 million in a third round of financing. NBC Universal’s Peacock Equity provided $3 million of the total, while existing investors Fairhaven Capital, Accel Partners, General Catalyst Partners and BBN Technologies also participated.

Apparently Apple, with $29 billion in cash burning a hole in its pocket, was mulling a deal to buy Twitter for about $700 million. Putting aside the will-they-won’t-they chatter started by a report from Valleywag, trains its sights on the price tag.

Slacker, a maker of portable musical devices, has taken in $9.6 million of a $10.2 million round, reported, citing a regulatory filing released Thursday. The financing came from nine undisclosed investors, the publication said. Previous backers of Slacker include Centennial Ventures, Rho Ventures, and Austin Ventures. The new capital brings Slacker’s total funds raised to $68.7 million, PaidContent said.