Earbits, the music discovery startup that shut down earlier this week due to lack of funds, unexpectedly announced its return Thursday. “A strategic partner has stepped forward and provided the necessary funding to bring Earbits back online indefinitely,” wrote Earbits CEO Joey Flores on the company’s blog. There’s no word yet on who this strategic partner might be and how big of a stake in Earbits it now holds, but Flores said that he would be sharing additional details soon.
Twitter has acquired San Francisco-based video sharing startup SnappyTV, both companies announced Thursday without spilling any beans about the financials of the deal. You may have never heard of SnappyTV, but chances are, you’ve seen some of its work on Twitter before: SnappyTV has helped Turner to share March Madness clips in near-realtime, and also powered the video cards of numerous other TV networks. With the acquisition, Twitter obviously wants to bolster its own media chops, but the company promised Thursday that SnappyTV customers will continue to be able to share media on Facebook and elsewhere as well.