Dec 03 2007
Russian Company Buys LiveJournal
Six Apart, owners of popular advertising-supported blog site LiveJournal, sold the service to Russian Internet media company SUP for an undisclosed amount. BlogNation Russia puts the deal value at $30 million.
The service counts 14.3 million blog accounts and roughly 20 million visitors a month. Its writers publish more than 150,000 new posts a day. [Data from Reuters]
“The deal will allow LiveJournal to get the attention, and frankly, the investment, to allow it to flourish,” Andrew Paulson, SUP’s chief executive, said in a phone interview with Reuters.
CEO Chris Alden stated “This allows Six Apart to focus on their remaining three brands, Vox, TypePad, and Moveable Type. We have very ambitious plans for our remaining brand going forward.”
Eric Eldon points out the deal’s political implications at VentureBeat.
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[…] I just found the Photo-Mania blog of black and white photography that recently won the Jury Award at the Deutsche Welle International Weblog Awards 2007, Blognation Russia reports. There are some truly inspirational and great photographs of Minsk, Belarus here. Worth taking a look. The blog is one of many hosted on the now-Russian-owned LiveJournal. […]