SeaChange shares were down 16% Wed, 1 day after it reported weak 2Q financials. Friedman Billings Ramsey’s verdict: "We look for slight improvement next quarter as temporary issues in the advertising and broadcast units are resolved but really see no fundamental improvement." — Intellon raised $24.5mln in new equity financing. BCE, Goldman Sachs, Intel Capital and Motorola Ventures joined a list of existing investors that includes Comcast Interactive Capital. — Time Warner made a $7.5mln investment in mobile gaming company Glu Mobile.

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Sinclair Signs Sports Betting Deal With Bally’s

Sinclair and Bally’s have entered into a long-term strategic partnership that will combine the latter’s sports betting technology with Sinclair’s broadcast nets, RSNs, streamer STIRR and more. Bally’s

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