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May 12, 2011 09:38 am GMT
When it comes to in-depth news about Facebook, there has been no better site than Inside Facebook. In fact, the flagship site of Inside Network became so successful alongside the meteoric rise of Facebook that they launched several other vertical sites to bet big on their brand of news and analysis. And that bet just paid off. Big time.WebMediaBrands has acquired Inside Network for roughly $14 million, we've learned. The deal should be formally announced soon and is said to be a roughly half cash and stock deal. It's a big win for Inside Network, which was founded by Justin Smith in April 2006, and has taken no outside investment.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iQ5TS5U6434/
InsideDeal! WebMediaBrands Acquires Inside Network For $14 Million
When it comes to in-depth news about Facebook, there has been no better site than Inside Facebook. In fact, the flagship site of Inside Network became so successful alongside the meteoric rise of Facebook that they launched several other vertical sites to bet big on their brand of news and analysis. And that bet just paid off. Big time.WebMediaBrands has acquired Inside Network for roughly $14 million, we've learned. The deal should be formally announced soon and is said to be a roughly half cash and stock deal. It's a big win for Inside Network, which was founded by Justin Smith in April 2006, and has taken no outside investment.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iQ5TS5U6434/
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