We’ve been working on this story for more than a week, but didn’t have the name of the buying company. Anyway, SVW has a note on the sale, hence we’re going with what we have here: Moreover, the online news aggregation and business information service, is closing on its sale, paidContent.org has learned. The sale, which has been in the works for a long time, is to a Silicon Valley-based public company (NOT a media company)…that’s all we know for now.
Moreover has been having a tough time in face of other open-Web aggregation services..it has diversified by powering the news search services for MSN portal, among others. It has changed its business model many times over the last 4-5 years of its existence: open, closed, and now half-open again.
Some of the board members, founders and investment bankers on the deal have refused comment till now.
We’ll have the name later…
Related:
– Finding News Easy As A Snap?
– Moreover’s Back With Open-Web Feeds
– Moreover Revives Public Feed Service
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