Six Apart sells LiveJournal for c. $30 million

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.

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TOPICS: Banking
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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.

Topic: Banking

Dennis Howlett

About Dennis Howlett

Dennis Howlett is a 40 year veteran in enterprise IT, working with companies large and small across many industries. He endeavors to inform buyers in a no-nonsense manner and spares no vendor that comes under his microscope.

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