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December 04, 2007
Russia's SUP Makes First Acquisition With LiveJournal Buy
Sister site the alarm:clock reports and provides some analysis of the deal. For a $30M deal, the coverage of the acquisition of LiveJournal (from SixApart) by Russian startup SUP has been outsized: Reuters published several reports, AP, AFP, Wired News and more. Not sure what drove the flow of digital ink, afterall both companies are privately owned. M&A between media and Web 2.0 ventures is not that unusual and it's not like the Russian buyer paid an inflated price, so it's curious.
Read - Anderw Paulson (wikipedia)
Posted on December 4, 2007 04:49 AM | Posted to News And Updates | Permalink
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