AOL has signed a definitive agreement to acquire Weblogs, Inc. AOL said the acquisition gives it a cadre of online content that ranges from music to movies, travel to tech, food to fashion, medicine to mortgages and offers online consumers new micro-communities where they can connect, debate, editorialize, comment and learn. The agreement is expected to close next week. Weblogs will become a wholly-owned, stand-alone subsidiary of AOL. It will operate with full editorial control and independence.
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AOL Moves Into Blogosphere With Weblogs Acquisition
Posted by: Jennifer LeClaire October 7, 2005 07:27 AMAOL has signed a definitive agreement to acquire Weblogs, Inc. AOL said the acquisition gives it a cadre of online content that ranges from music to movies, travel to tech, food to fashion, medicine to mortgages and offers online consumers new micro-communities where they can connect, debate, editorialize, comment and learn. The agreement is expected to close next week. Weblogs will become a wholly-owned, stand-alone subsidiary of AOL. It will operate with full editorial control and independence.