AOL Acquires Weblogs, Inc.

Next Story

More Details on Attention Trust

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.

blog comments powered by Disqus