AOL Acquires Weblogs, Inc.
J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news.
Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995), and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More
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There are reports that AOL has acquired Weblogs, Inc. and will officially announce it later this week. The acquisition price, including earnouts, is reported to be $20-35 million.
Weblogs, Inc., founded by Jason Calacanis and Brian Alvey was launched just two years ago and is funded by Mark Cuban. Calacanis has reported a revenue run rate of about $2 million.
Congratulations to all of the bloggers and employees of Weblogs, Inc. There are a number of additional public/private acquisition deals that will be announced this month as well.
