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MSNBC.com Acquires Social News Site Newsvine

This is msnbc.com's first ever acquisition: MSNBC.com is pushing into the social news arena with the acquisition of Seattle-based Newsvine.The site, which combines professional and user-generated content, is one of a number of social news services, often mentioned alongside Digg and Reddit (acquired by Wired a year ago). According to a post on Newsvine's blog, the company will operate independently, while MSNBC.com explores ways to integrate Newsvine's technology across the broader site; this is very similar to Wired's approach with Reddit. Launched in 2006, Newsvine was started by ex-Disney (NYSE: DIS) and ESPN employees and has raised a total of $1.5 million from Second Avenue Partners. Terms of the acquisition were not disclosed.

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1.5
{"commentId":1080598,"authorDomain":"marilynl"}

a pretty good overview of what's published at this moment, this article goes on to speculate on the sales price: $5 to $7 million. Who knows, but that's the first set of figures I've seen tossed around.

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  • 1 vote
Reply#1 - Sun Oct 7, 2007 8:24 PM EDT
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