AOL Reportedly Buys Blog Network
Noteworthy . . . from the folks at PaidContent:
Weblogs Inc, the blog media company founded by Jason Calacanis, is being bought by America Online . . .The company's blogs have had an exponential trajectory, with sites like Engadget, Autoblog, BloggingBaby and others. In total, the company has about 130 bloggers, with about 15 full-time employees . . . AOL intends to keep the company/blogs separate from its site . . .
More from Reuters, including the estimated terms.
AOL also recently added a number of new features and enhancements to its search functionality. Here's Chris Sherman's overview. In addition, business networking site LinkedIn is integrating AOL IM into its service to facilitate "real-time communications."
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Another acquisition in the sector:
"VeriSign has acquired Weblogs.com and its "ping" service in a $2.3 million cash deal. With the acquisition from Scripting News, VeriSign said Friday that it is seeking a slice of the rapidly growing blogging community."