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Category: Technology Author : Duncan Riley Posted: July 11, 2008
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PaidContent acquired for $30 million


ContentNext, the company behind PaidContent, has been acquired by Britain’s the Guardian Group for $30 million, reports Kara Swisher at AllThingsD.

The buy out would be the largest price paid for a blog related concern since AOL acquired Weblogs Inc for a rumored $25-$30 million in 2006.

PaidContent is the largest site in the ContentNext network, with includes niche titles such as MocoNews, ContentSutra and PaidContent UK. The company also organizes conferences and publishes reports.

Although perhaps not the friendliest blogging concern, it’s always positive to see a large scale exit like this as it provides further proof of value in new media. With Ars having been acquired for Conde Naste in May for $25 million, I’m betting TechCrunch will be next, they’re all on the same level + these things often travel in threes :-)











Comments


5 Archived Responses to “ PaidContent acquired for $30 million ”

  1. Liezel
    Jul 11, 2008

    I think the third will either be: RRW, VB, Mashable or… but not TechCrunch

  2. gregorylent
    Jul 11, 2008

    tc will turn it down, home runs only … :) and your link should be .org and not .com

  3. Nigel Eccles
    Jul 11, 2008

    Cool market idea: .

    (BoingBoing and ValleyWag are sneaking into the lead)

    Place your bets!


2 Trackback(s)

  1. Jul 13, 2008 : 4% of Hubdub users think The Inquisitr will be acquired next (50% think it’s some other blog)
  2. Aug 12, 2008 : PaidContent Expanding to Inside.com