March 2nd, 2006
Fox Interactive buying up Web 2.0 companies
During an interview conducted by Mike Arrington of TechCrunch at the IBDNetwork Under the Radar event, Ross Levinsohn, president of Fox Interactive, just said that he had bought one of the companies in the room (still finishing the paperwork), but didnt’ say who. He has a $2 billion war chest to buy new companies, and went on to say he would bet that he will buy five more companies in the room. Here’s the list of companies. Riya is the hottest property, or at least is perceived as a real winner, but nobody’s talking…tagged.com may be a good fit with Myspace, which is the flagship (60 million registered users) of Fox Interactive’s foray into the social Web. Just talked to Levinsohn–said it’s definitely not tagged.com.
Mike Arrington and Ross Levinsohn
Update: TechCrunch has video of Levinsohn talking about acquiring one of the companies present at the event.
Dan Farber, editor-in-chief of CNET News.com, has more than 20 years of experience as an editor and journalist covering technology. See his full profile and disclosure of his industry affiliations.
