Business Development Diary

SurfWax: News, Reviews and Articles On Friendster: "While blogs helped grow traffic, Google's (: , , ) AdSense service for startups helped Topix.net make money. Topix.net would not disclose the terms of the deal, only to say that the funding was less than $5 million. Separately, the three newspapers bought 75 percent of the company for a market valuation below $100 million, but north of what venture capitalists valued Friendster, according to someone close to the deal. Friendster was a fast-growing social-networking start-up that received a... (Yahoo Finance -- Printing & Publishing) "