Making Fun, a social games developer owned by Rupert Murdoch’s News Corp., announced the release of a game for Facebook called Noah’s Ark. The company hopes the game will tap what it sees as the latent market of religious social gamers. Chief executive of Making Fun John Welch told reporters that his company is working to develop games that will be competitive in a market dominated by game developer Zynga. READ MORE
Bowing to investor pressure, the struggling Internet company Yahoo has fired CEO Carol Bartz without naming a permanent successor, signaling that the board may be seriously considering selling all or parts of the company, reports The Los Angeles Times. READ MORE
When MySpace relaunches this year, it will exchange its popularity contest with Facebook for a cutting session with Spotify and iTunes. The site plans to focus back on music, which has sustained the site even through its leanest times under News Corp ownership. READ MORE
If Finland-based Rovio Entertainment Oy receives the $1.2 billion valuation it’s rumored to be clamoring for, we can expect to see a movie, clothes, and stuffed animals all inspired by some furious fowls. The company makes “Angry Birds,” the popular game for mobile devices. READ MORE
You would think that after a summer of will-they-wont-they rumors, confirmation of an impending Hulu sale would have quieted speculation. But in fact, it has only increased it. According to Venture Beat’s Tom Cheredar, sources are reporting that Hulu’s owners—Disney, News Corp., Comcast, and Providence Equity—expect bidding to start at $1.5 billion for the video-streaming company. READ MORE
Hulu is remaining tight-lipped about a possible sale of the company; but that hasn’t stopped analysts from speculating. And based on the video-streaming site’s recent moves, they have good reason. Sources say the company has retained investment banking firms Morgan Stanley and Guggenheim Partners to facilitate a sale that could take place in two weeks. READ MORE
The movie and television streaming site Hulu has been contemplating an offer to sell the company since yesterday, when an unsolicited bid fell on their doorstep. The company, which has so far struggled to show a profit, lost two of its most prominent backers when Peter Chernin left News Corporation and Jeff Zucker departed NBC Universal. READ MORE
