Thursday, October 06, 2005
AOL-Engadget
America Online Inc. has agreed to buy Weblogs Inc., a network of Internet sites focused on niche topics ranging from food to gadgets, for around $25 million, a source familiar with the deal said on Wednesday.
Weblogs Inc. includes roughly 80 advertising-supported sites published by a group of more than 100 bloggers.
Examples include Autoblog, BloggingBaby and Engadget, Weblog Inc.'s busiest site, which is aimed at "rabid gadget freaks."
Update: Inside of the deal.
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