The Deal
 Friday
 May, 16

 7:58 pm
Tech Confidential
Search Tech Confidential
The Deal Blogs Home  |   The Seed Stage  |   VC Ratings  |   Money Out  |   Behind The Money  |   The Note  |   Calendar  |   VCDeal Database

[Posted on October 31, 2006 - 12:44 PM]

First news readers, now wikis and travel social networking. Despite headline stealing acquisitions of MySpace and YouTube, purchases of Web 2.0 companies have been rare. And, purchases with disclosed prices have been nearly non existent. That latter characteristic didn't change, but the pace of acquisitions of all sizes among Web 2.0 companies is picking up.

Today, JotSpot, the wiki startup founded by Joe Kraus, said it has been acquired by Google for an undisclosed amount. The company had raised $5.2 million from Redpoint Ventures and Mayfield.

Also, Travelpost, an online travel startup backed with $1 million from Amicus Capital and Arba Seed Investment Group, has been acquired by privately held Sidestep.

These deals come only weeks after the feed reader business shrunk with the sale of Rojo to SixApart and the closing of Pluck's RSS reader.

What's going on? As most of us know, the vast majority of the Web 2.0 companies established in recent years were not actually companies, but singular features masquerading as corporate entities. Wikis, online travel rating and blog sites and feed readers are just the initial phase of what will be a slew of sales with undisclosed price tags and closures.

For more on the recent JotSpot, TravelPost and Pluck deals, see:
Ken Norton
TechCrunch
Richard MacManus

Tags: , , , ,,


Post a comment




The Tech Confidential Network
The Tech Confidential Network unites the leading voices from around the Internet on the topics of high-tech startups, venture capital and investment exits. Bloggers and publishers that want to expand their readership and monetize their content are encouraged to apply to join the Tech Confidential Network.


Video

Behind the Money, Episode 30: Electronic Arts bid for Take-Two

mattnmary_r1_c1.gif
In this episode of Behind the Money, we speak with Matthew Wurtzel, editor of Dealscape about the expiration of Electronic Arts bid for Take-Two Interactive on May 16, 2008.
 


Windward Ho!

Startups In New York




Syndicate


Recent Entries
Monthly Archives

|  SITEMAP  |   ABOUT US  |  CONTACT US  |  ADVERTISE  |  PRIVACY POLICY  |  TERMS AND CONDITIONS  |

©Copyright 2007, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.