An interesting acquisition by Washingtonpost.Newsweek Interactive, the online arm of the WaPo company, and possibly a pre-cursor of more such smaller local deals to come: it has bought out ShopDC, a Washington, DC shopping and fashion newsletter and website guide founded by MBA student Zoey Rawlins. It has now been relaunched as DC Scout. Financials of the deal were not disclosed.
A former University of Maryland MBA student, Rawlins will use some of the proceeds to benefit student entrepreneurs at the b-school she graduated from. Interesting story: Rawlins created ShopDC two years ago while working toward her MBA and with $7,000 in startup funding from the school. She has now joined WPNI as its brand manager for the online product.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_479be061d209161468bcf8b7bf4f7ebd","wijax_f14e69ac1ed0cbea79226b679810216a"]
{"source":"https:\/\/gigaom.com\/2007\/03\/13\/419-washingtonpostnewsweek-interactive-buys-student-run-dc-shopping-newslet\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_efee1a423d1364cd6ab69ed1292c08f2","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2007\/03\/13\/419-washingtonpostnewsweek-interactive-buys-student-run-dc-shopping-newslet\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_efee1a423d1364cd6ab69ed1292c08f2","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post