Seattle-based music social networking firm iLike was bought by MySpace for a reported $20 million, according to TechCrunch.
Brett Allsop, co-founder, chairman and vice president of strategy for Yapta, a web-based travel and fare information company, was killed in a car accident near his Bellingham home Aug. 18. He was also president of his family's consumer electronics business, Allsop Inc. He was 38.
Finsphere, a mobile identity protection company in Bellevue, has secured $9 million in its second round of financing to develop a product that will help banks and credit card companies reduce identity fraud. Frazier Technology Ventures was the lead investor.
San Francisco-based equity firm Golden Gate Capital won a bankruptcy-court auction for Eddie Bauer's assets, paying $286 million to take over the iconic clothing chain that started in Seattle 89 years ago.
Seattle niche-website developer Wetpaint has laid off 15 members of its staff, roughly 27 percent of its workforce.