DPF is reporting the goss as it happens. His first snippet is that Glenn has fingered Mike Williams as "having agreed helping Peters would help Labour". Glenn's also said that he got a "personal phone call" from Mr Peters asking for money.
The Herald has its first story here.
Stuff says "Monaco-based billionaire Owen Glenn this afternoon told Parliament's privileges committee he was "absolutely certain" Winston Peters solicited assistance from him personally."
Larry Williams on Newstalk ZB is all over this, and calling for Peters to resign and for the PM to call an election - listen live here.
UPDATE @ 4.50PM - Stuff has a full summary of Glenn's evidence. Matthew Hooten has blogged as well on the Glenn "bombshell" saying "There now seems little doubt that the Owen Glenn donations were orchestrated by the highest level of the Labour Party." - and you know who that is!