CNEThas bought the news and features archives site FindArticles, from its owner LookSmart, for about $20.5 million. FindArticles.com has about 11 million resource articles from over 3,000 sources, including magazines, journals, trade publications and newspapers.
Forbes Media, corporate parent of Forbes.com, announced that it has acquired a 51% stake in the political website RealClearPolitics.com. The founders will remain owners and management. The site was started in the spring of 2000 and has grown to nearly 1,000,000 unique monthly visitors.
RVS Ventures, Inc. announced that it has acquired beRecruited.com, a popular online networking destination for high school student-athletes seeking recruitment from college coaches and universities. beRecruited has more than 125,000 registered student athletes, nearly 8,000 college coaches and more than 3,000 high school coaches.
TheStreet.com acquired BankingMyWay.com and RateWatch.com for $25 Million in cash and stock. RateWatch is a B2B subscription site targeting banks and credit unions, offering competitive data. BankingMyWay is a consumer site offering information on mortgage rates, CDs, loans and other retail financial products, along with links to money-related content.
It looks like giant Microsoft settled on a tiny piece of Facebook (a 1.6 per cent share) for a massive $240million. That puts Facebook’s valuation at around $15 billion.
American Greetings acquired Webshots.com from CNET for $45 million. Originally, CNET had bought Webshots.com in July 2004 for about $70 million. Webshots is among the biggest photo sharing sites in competition with sites like Flickr, Photobucket and others. It received about 7 million unique monthly U.S. visitors as measured by The Nielsen Company and stores more than 400… Read More »
