Currently burning up the blogosphere is the hot rumour that search giants Google are in final negotiations to acquire the user-driven, social content website Digg for “around $200 Million.”
Category: Buy out
Bebo Sells To AOL: $850m
AOL will be buying social Networking site Bebo for $850m cash.
Well done to all of those at Bebo, the social network that (more or less) quietly got on with building its 40 million members while the other social network shouted about what they were up to.
It’s interesting that the deal is all cash, with one interpretation of that being that Bebo and its backers wanted to cashout rather than receive stock that might decrease in value.
Activision Blizzard: Vivendi Games And Activision To Merge
Big moves in the video game industry arose yesterday, as media giant Vivendi announced plans to take a controlling stake in Activision. They plan to call it Activision Blizzard.
The real strength to Vivendi’s hand is having Blizzard Entertainment in their small portfolio of game companies.
Continue reading Activision Blizzard: Vivendi Games And Activision To Merge
Trusted Reviews Site Bought By IPC
Well known tech news and reviews site Trusted Reviews has just been bought by mega-publisher IPC.
Terms have not been disclosed.
Continue reading Trusted Reviews Site Bought By IPC
Lonely Planet Bought By BBC Worldwide
Big surprise today as BBC Worldwide, the commercial arm of the BBC, announce their purchase of Lonely Planet, the well-know publisher of travel guides.
The purchase sum was not disclosed and the two founders Tony and Maureen Wheeler will retain a 25% holding in the company.
Continue reading Lonely Planet Bought By BBC Worldwide
Scrum.com Bought By ESPN
Another week, another purchase of a Web-based service by a TV broadcaster.
US, sports-mad ESPN have announced that they are buying UK scrum.com, a site that, not surprisingly is about rugby.
Founded nearly ten years ago, in 1997, they take pride in their ability to break stories faster than “conventional media.”
There’s been a number of moves of late by broadcasters to buy Web sites that focus on, what to broadcasters, are small niches – such as Discovery buying Treehugger.com, Cricket site, Cricinfo, which was also bought by ESPN and most recently cycling.tv by JumpTV.