AOL Buys Weblogs

engadget

AOL Buys Weblogs to Boost Blog Presence - Yahoo! News

According to this article, AOL paid $25M all cash for Weblogs, Inc. This is pretty amazing, and shows how blogging is heating up. I happen to know that about half of their traffic comes from engadget.com, so figure that one site turns out to be worth about $12M.

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