Six Apart sells LiveJournal for c. $30 million

Summary: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.

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.

Topics: Banking

About

Dennis Howlett has been providing comment and analysis on enterprise software since 1991 in a variety of European trade and professional journals including CFO Magazine, The Economist and Information Week. Today, apart from being a full time blogger on innovation for professional services organisations, he is a founding member of Enterpri... Full Bio

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