LiveJournal bought by Russian company
The owner of LiveJournal, a blogging and social-networking site, agreed yesterday to sell the company to SUP, a Russian online media company, in the latest example of deal-making in the social-networking sector. Financial terms of SUP’s deal with Six Apart, which owns LiveJournal, were not disclosed. As part of the deal, SUP will create an American management company, LiveJournal Inc., to manage the social network’s operations. SUP will also form an advisory board that includes Brad Fitzpatrick, LiveJournal’s founder who now works for Google.
Though its biggest user base is the United States, LiveJournal has become exceedingly popular in Russia, finding about 28 percent of its audience there. Last year, SUP struck a licensing deal with Six Apart to manage LiveJournal.ru, the site’s Russian component. Ever since the News Corporation bought MySpace in 2005 for $580 million and saw its value skyrocket along with the site’s popularity, media companies have seen social-networking as a field ripe for the picking. Two months ago, Google and Microsoft dueled over the right to buy a stake in Facebook, the site du jour. Microsoft prevailed and paid $240 million for a 1.6 percent stake. One would never believe how much money these web applications cost.
Source: NY Times
OMG!!! Commies = evil!!!11
owned
tird! 3rd fooollllzzzz yea snapp boyeeee… now wha up foo’s!
Suddenly I don’t want to comment here.
Do Russian hackers hack russian od?
grow up and write about something interesting
in case your interested, http://www.rlslog.net is worth US$0.04c
#6..
funny…
but their ad revenue & hits per day
make them far more valuable than you think
kinda funny how millions even billions amount of money
is thrown around on something that has no concrete value…
#7
lolz putting ads up means nothing, its measured in how many clicks the ads get …
ads on rlslog get NO clicks and the site fetaures illegal content, so nobody would ever pay more than 4cents for rlslog.net and that includes the domain name
in fact, since its likely there will be legal action towards the owners of this site, there is a good argument to say rlslog.net has negative equity, meaning I would not take the site from Martin if he offered me £10000
dream on sweet cheeks
RLGLOG.net is the next Google!