December 3rd, 2007
Six Apart sells LiveJournal for c. $30 million
Speculation has been rife over at TechCrunch but sources close to events (as they say) have confirmed that Six Apart has sold LiveJournal for around $30 million to Russia’s SUP.
Insiders are said to be happy with their return on a $5 million investment to a market where partners are needed but where the partnering investment was deemed too risky compared to a trade sale.
Dennis Howlett has been providing comment and analysis on enterprise software since 1991. See his full profile and disclosure of his industry affiliations.
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