MSNBC.com Acquires Social Media Site Newsvine
MSNBC today joined the ranks of social networking news sites such as Reddit and Digg by acquiring Newsvine.
The site, which combines professional and user-generated content, is one of a number of social news services. According to a post on Newsvine’s blog, the company will operate independently, while MSNBC.com explores ways to integrate Newsvine’s technology across the broader site; this is very similar to Wired’s approach with Reddit. Launched in 2006, Newsvine was started by ex-Disney and ESPN employees and has raised a total of $1.5 million from Second Avenue Partners.
Terms of the acquisition were not disclosed.
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