Yahoo Buys Out Community Site Upcoming.org

Yahoo has acquired Upcoming.org, an online event planning site about local community events. LA-based Upcoming acts as a social calendar that depends on its users to post free listings about a wide range of upcoming events, from local rock concerts to picnics in the park. No financial terms were disclosed.

It is an “acq-hire”, with founder Andy Baio (with his Waxy.org personal blog) and two other founders joining the company…Yahoo plans to keep Upcoming’s current site separate, but eventually will incorporate much of the content into its own site to bolster its local search capabilities.

BAio writes about the acquisition on his blog..

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