Terms weren't disclosed, but Weblogs has 30 million monthly Web page views, according to a statement from AOL. Its sites include the technology blog Engadget and the gaming site Joytstiq. The deal, which is expected to close next week, is worth around $25 million, according to Reuters. "
Thursday, October 06, 2005
AOL Gets Into Blogging
"Time Warner's (TWX:NYSE - commentary - research - Cramer's Take) AOL is buying Weblogs, owner of 85 blogging sites, to tap into the growing popularity of the media form on the Internet.
Terms weren't disclosed, but Weblogs has 30 million monthly Web page views, according to a statement from AOL. Its sites include the technology blog Engadget and the gaming site Joytstiq. The deal, which is expected to close next week, is worth around $25 million, according to Reuters. "
Terms weren't disclosed, but Weblogs has 30 million monthly Web page views, according to a statement from AOL. Its sites include the technology blog Engadget and the gaming site Joytstiq. The deal, which is expected to close next week, is worth around $25 million, according to Reuters. "
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