AOL Plans Weblogs Buy

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America Online said yesterday that it agreed to acquire blogging network Weblogs Inc. for an undisclosed sum in a deal expected to close next week.

The deal is rumored to be worth $25 million, according to a Reuters report.

Weblogs operates 85 blogging sites covering various topics. Its more well-known blogs include: Engadget (technology), Autoblog (automotive), Joystiq (gaming), Cinematical (films), Blogging Baby (parenting), Luxist (luxury), Gadling (travel), The Wireless Weblog, SlashFood and TVSquad.

Weblogs will become a wholly owned standalone subsidiary of AOL but will retain editorial control and independence.

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