Folks have been predicting a big year for mergers and acquisitions in 2005, and we are starting the year with a bang. I have learnt exclusively that Six Apart, the parent company behind hosted blogging service TypePad, and Moveable Type is about to acquire Live Journal, for an undisclosed amount. The deal is a mix of stock and cash, and could be announced sometime later this month, according to those close to the two companies. If the deal goes through, then Six Apart will become one of the largest weblog companies in the world, with nearly 6.5 million users. It also gives the company a very fighting chance against Google’s Blogger and Microsoft’s MSN Spaces.
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Live Journal was started by Brad Fitzpatrick back in 1999, long before Six Apart existed and blogging was all the rage. Live Journal, which is based in Portland, Oregon has 5.5 million users, though only a miniscule number are paying customers. Live Journal is very popular with teenagers and is built on an open source platform, and arguably is one of the largest open source projects on the web. Live Journal has been in talks with several other possible acquirers, though Six Apart is more of a natural fit. My sources tell me that all Live Journal employees are going to be retained.”
15 comments so far
11:13 PM PT
[...] LiveType/MovableJournal Filed under: Main — ccurrie @ 10:40 am Om Malik has reported that Six Apart (the company that makes MovableType, the software that I [...]
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[...] x Apart - Livejournal Acquisition The whole blogosphere has been abuzz with the rumors of Six Apart acquiring LiveJournal and we finally got confirmation fr [...]
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[...] eat — this is what happened during high school at lunch and constantly at GWU. * The rumor about SixApart buying LiveJournal is all over the place today. I’m not s [...]
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[...] to Om Malik, Six Apart is going to buy LiveJournal. There’s currently 120+ trackbacks on that entry, including one from my friend Matt Sledge [...]
1:07 PM PT
I find it interesting that Six Apart is making a big move like acquiring Live Journal. Hopefully they’ll make some improvements to the LiveJournal site and reignite the interest in the site against competitors.
1:05 AM PT
[...] service which was bought by MovableType parent company SixApart almost three years ago. SUP, which already been running LiveJournal in Russia as part of a licensing agreement, plans to [...]
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[...] Ross Mayfield’s Weblog: Six Apart Acquires Live Journal. With arguably the leading blogging platform company (at least in terms of adopter base, at least until they all move to WordPress) snapping up the leading blog-engine-for-people-who-aren’t-really-bloggers-but-more-like-diary-keepers, things just got interesting. More details at GigaOm. [...]
8:40 AM PT
[...] Ross Mayfield’s Weblog: Six Apart Acquires Live Journal. With arguably the leading blogging platform company (at least in terms of adopter base, at least until they all move to WordPress) snapping up the leading blog-engine-for-people-who-aren’t-really-bloggers-but-more-like-diary-keepers, things just got interesting. More details at GigaOm. [...]
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