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.
