Written on October 11th, 2005 at 08:10 am by Darren Rowse
Verisign buys Moreover
PaidContent has news of another acquisition of new media by Verisign:
‘Moreover, the online news aggregation and business information service, is being bought out by Verisign, and the reported price is about $25 million. The sale has been in works for a long time and puts to rest all the money and management change the company has seen in about 7-8 years of its existence….’
Their update says that the figure is closer to $30 million and that Google actually put a late (too late) offer in at a higher figure.
5 Responses to “Verisign buys Moreover”
Carlos Duarte
October 11th, 2005 9:28 am
Uau! Every one is buying every one. There’s a new business every day. What are big companies searching for?
gizmocha
October 11th, 2005 12:18 pm
And EBay is buy part of Verisign …
EBay’s PayPal to buy VeriSign unit for $370 mln
By Eric Auchard. SAN FRANCISCO (Reuters) - EBay Inc. (EBAY.O: Quote, Profile, Research) will buy VeriSign’s payment processing business for $370 million and merge it with its PayPal unit as part of a wider …
http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2005-10-11T012150Z_01_BAU073533_RTRIDST_0_BUSINESSPRO-VERISIGN-PAYPAL-DC.XML
Dave Starr
October 11th, 2005 11:30 pm
Moreover has been a very useful news and research tool for me. Especially becuase some of my personal and business areas of interest are in the Philippines and other areas of East Asia … most news agregators can’t find Asia news south of Tokyo.
Why would VeriSign want them? Perhaps to have one business segment that actually performsd a useful function? Other than that, it’s a mystery … somehting instructive to watch over the coming months.
Brian Breslin
October 12th, 2005 1:05 am
wasn’t moreover sold a few years ago for some ridiculous sum?
interesting the way money is flying around these days. also, didn’t nick denton found moreover? so does he get some of this money to throw at gawker now?
Anon
October 13th, 2005 12:12 am
But remember that not everyone makes money on these blogging deals. From Moreover website … “Moreover received $21 million in first round funding in June 2000 from a distinguished group of backers led by Dawntreader Ventures (then SoundView Ventures) and Reuters Venture Capital.”
Verisign acquires in 2005 for $25 million.
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