Distimo, the app store market tracking service, continues to reveal the importance of the freemium model. Free app downloads have grown 34 percent since 2010 in contrast to paid app downloads which grew by 7 percent. In the past the firm also reported a 10x growth in freemium revenue from top releases on the App Store. 

Read More: 72 Percent of iPhone App Revenue Comes from Apps Featuring In-App Purchases

Professional social network LinkedIn has purchased IndexTank, a company that provides search technology for websites and web services. IndexTank develops and provides a range of custom search options for companies to integrate into their platform without having to maintain the search software themselves. LinkedIn’s purchase of the company will improve the social network’s internal search technology.


Read More: LinkedIn Purchases Real Time Search Start Up

CNN has been expanding its digital media portfolio little by little, and finally took a big jump this week when it purchased Zite and its iPad platform.


Read More: CNN Purchases iPad Magazine Zite to Create Personalized Media

Electronic Arts announced plans to purchase PopCap for $650 million in cash yesterday. Even though the news was expected by most social gaming analysts, the extent of the deal was left uncertain. Sources state that the final deal will be closed by the end of August.


Read More: EA Purchases PopCap and Releases Earnings