Media

After a series of delays, the Reader’s Digest Association has finally emerged from bankruptcy having reduced its debt by 75 percent, the company said. The publisher, which filed for Chapter 11 protection last August, has received $525 million in exit financing from a bond refinancing that will provide RDA with an estimated $30...

London-based Bragster, a site for people to make bets with each other on various “stunts”, has been acquired by Guinness World Records, for an undisclosed sum. The site allows users to upload videos of their dares and “bragging” feats. It was founded in 2006, and raised about $3 million...

Online lead generator Reply wants to raise $60 million in an IPO, according to an SEC filing. The startup runs an auction-based online marketplace that lets companies buy information about people who have indicated an interest online in buying a certain product; advertisers can target their lead spending based on...

Facebook has bought up under-the-radar Octazen Solutions, in what the company says is a “small talent acquisition.” Facebook’s statement: “We’ve admired the engineering team’s efforts for some time now and this is part of our ongoing effort to add experienced, accomplished technical talent.”

Octazen describes itself on its website as a “webmail...

Mixed-media book publisher Vook has raised $2.5 million in seed funding as the company looks to capitalize on the wider adoption of e-readers and other portable devices. The funding comes from individual investors Ron Conway and Huffington Post chairman Ken Lerer, along with Maples Investments, Baseline Ventures and Founder Collective. The primary proposition...