Just days after launching its credit card payment service, Groupon acquired Savored a leading provider of reservations with more than 1000 top restaurants across the United States using it. This is set to complement Groupon’s efforts in yield management due to its 40 percent discounts for each table .

Google has confirmed it firing 20 percent of Motorola Mobility employees. A company it bought in May.

The company will also close a third of its offices worldwide. According to Google’s SEC filing on the 3rd this month and signed on the 13th 2012 Google will go ahead with and reduce the motorola unit’s 20,000 employees by 4,000 with two thirds of the cut in the US.

Jobscience early today acquired Atomkeep in a move the company says was to help job seekers validate their social image over the various social networks to avoid mistaken identities from would be employers.
Jobscience says on their blog that it was built on salesforce.com’s Force.com platform and gives social entreprises recruiting and talent management solutions.

TechZulu had the pleasure of being a partner of this years past 5th annual ITVFest a few months back. We have watched it grow for quite some time now and every year just keeps getting better and better.

You won’t want to miss this riveting interview with the fiercely candid Mohit, who previously founded BizRate and Shopzilla. Mohit explains how Gri.pe uses social clout to make people powerful in the real world, cutting through the “barrage of brand bullshit” that clutters our lives. It’s so simple, based on truth, and on the idea that people are good.

Blackboard Inc. announced today that it will be acquiring both Elluminate Inc. and Wimba Inc. Elluminate and Wimba offer advanced virtual classroom technology that allows education institutions to hold synchronous live courses over the Web, including audio, video, white board and social learning capabilities.

Back in January of 2008 we learned that Amazon invested $4MM in the close out site Woot. Today Woot announced that they will be acquired by Amazon and become independent subsidiary of Amazon. According to Woot:

Tubefilter is an awesome local Southern California start-up company to get all of your web TV news from and now with the acquisition of Tilzy.TV we can look forward to even more great content.  Congrats to the team and their expansion.  Below is the press release with all the deets: LOS ANGELES, CA (October 19,…continue reading.

Your favorite “Happy Time NO Business Cards” man Francisco Dao is taking the bull by the horns and taking charge.  Twiistup has just been snatched up by an undisclosed private investor. Cash Infusion to Fuel Expansion Los Angeles, CA – May 5, 2009 – Twiistup, Southern California’s premier event, showcasing innovation from the worlds of…continue reading.

Guest post by Christian Gammill of Traction Matters Note:  these are just my quick thoughts on the acquisition. First and foremost, congrats to the team at Social|Median for getting acquired by Xing.  I’ve been watching them grow (its been less than a year!) and am impressed on how regularly and rapidly they iterated new features…continue reading.