Verisign acquires weblogs.com - $2.3M

Weblogs.com-VeriSign: Details Starting To Emerge; Price Tag $2.3 Million: Updated at 11:50 p.m. eastern to include interview with Dave Winer: VeriSign moved quickly tonight to shift the Weblogs.com story from reports of a sale to what the company will do with its new acquisition from Dave Winer. Michael Graves, the techno-evangelist for the Real Time Web team at VeriSign, appropriately blogged the confirmation, the reasons for the purchase and plans for the site.
Last Thursday, the site processed 1.96 million pings in one day, nearly twice the amount when the two started talking during the summer. With the toll only increasing, the options for Dave as Graves lays them out were to invest significant capital in more robust infrastructure, sell to someone who would do that or death by overuse.

[PaidContent.org]