AOL to buy leading , 123webguru.com website design company

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AOL to buy leading blog company

'Citizen media'

Weblogs is one of the more successful attempts to bring together a stable of individual blogs in order to attract mainstream advertising, analysts say.

It includes consumer technology blog Engadget, rated by blog search and indexing site Technorati as the third most popular web journal in terms of links from other sites.

Weblogs chief executive and co-founder Jason Calacanis described the tie-up as "a milestone in the development of citizen media".

The deal is AOL's third acquisition in three months, after it bought software company Wildseed and online data storage firm Xdrive in August.

AOL has 21 million subscribers in the US, with a further six million in the UK, France and Germany through AOL Europe.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/4318732.stm

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