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Tsavo Media Sold For $75M

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Los Angeles-based online media firm Tsavo Media , which was founded by Mike Jones, founder of Userplane and current co-President of MySpace, has been sold for $75M to a Canadian firm. According to Toronto-based Cyberplex , it is acquiring Tsavo and its 300 consumer websites for $75M. Tsavo was backed by American Capital.

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New Owner Looks To Sell Tsavo Media, Sees Yahoo Penalty Fees

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The new owner of former Los Angeles startup Tsavo Media , Canadian-firm Cyberplex , said today that it is looking for "strategic alternatives" for the unit of the firm, after a fiasco involving Yahoo's traffic quality reporting system. Cyberplex said that Tsavo Media was informed that it will be required to pay Yahoo approximately $4.8

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Tsavo Loses Macadaan

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Santa Monica-based Tsavo , the online media company which owns Manolith, Twirlit, Kidglue, and Nibbledish, has lost its Vice President of Product and Design, Mike Macadaan. Macadaan is well known in the Los Angeles technology community for creating and running Twiistup, the popular Los Angeles technology networking and startup showcase event.

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DONE Ventures Gets Trial Date In NBC Suit

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Los Angeles-based DONE! Padnos sold BetterPPC in September of 2008 to Tsavo Media, the startup which was started by current MySpace president Michael Jones. Ventures , the Internet marketing firm headed by Ben Padnos , the former founder of BetterPPC, said today that it has received a trial date in its lawsuit against NBC Universal.

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Wittlebee's Percival Surfaces At Topix

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Sean Percival , the founder of Wittlebee and former MySpace, Tsavo Media, Docstoc, and Mahalo executive, has surfaced at hyperlocal news site Topix as VP of Marketing. Percival, who had been very visible in the Los Angeles technology scene, had left Los Angeles in July seeking new pastures.

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Ranker Names COO, Taps Jones For Board

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Los Angeles-based Ranker , the online service which allows anyone to list and rank things on any topic, said today that it has named Mani Dhillon as Chief Operating Officer, and tapped former MySpace CEO Michael Jones for its board. Ranker said it is now getting around 4.5 million monthly unique visitors. READ MORE>>.

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DONE Ventures Sues NBC Universal Over Failed Domain Name Sale

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According to a complaint filed in Los Angeles Superior Court last Thursday, NBC Universal had agreed to sell Women.com and Women.net for one million dollars to DONE!, but then was overruled by NBC Universal President & CEO Jeff Zucker. Padnos also has served at Yahoo!

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