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iFive: Egypt Shuts Web, Microsoft's Record Finances, PSP2 to be "Affordable," Elevation Partner Woes, Apple's 500 China Stores

Friday's here, one day of work before you can kick back for the weekend. Here's our early news digest to get you a running start to the day:READ»

U2 VC: $120M to FB

It's a beautiful day at Facebook. Elevation partners has just injected $120 million in venture capital, which will certainly help power-up Zuckerberg's business ... but why did Bono's firm make this move?Back in November 2009 ...READ»

Rattle and Palm: HP Saves the Day, but How Did Bono Fare? [Update]

Palm's safely in HP's hands now, but for several years it's been financially boosted by U2 frontman Bono's company Elevation Partners. With their involvement wrapped up, the rocker's financial experiment fared okay, but just okay ...READ»

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Today in Most Innovative Companies

News of note from our Most Innovative Companies, including Hulu, PG&E, and Huawei.READ»

$3.7B in Digital Sales? That's Entertainment!

Shawn Baldwin from CMG discusses how private equity is investing in the media and entertainment industry.READ»