AOL, the world’s largest internet services provider, has agreed to buy leading web journal firm Weblogs Inc.
The deal will add 85 new websites to AOL’s network, including contributions from more than 100 freelance bloggers.
The agreement, which is expected to be completed next week, will turn Weblogs into a subsidiary of AOL, but with full editorial control and independence.
AOL has not said how much it will pay, but unnamed sources told news agencies the deal was worth $25m.
This whole thing scares me as I don’t think blog networks like these, that are so well established should be bought and owned by companies that might change the format, or freedom of informational release on the sites.
