AOL Acquires Sphere
In a press release on April 14, AOL announced that it has acquired Sphere Source, a provider of contextual search tools which offers related content to publishers. Sphere will operate as a part of AOL’s Programming division.
Before the acquiring took place, AOL partnered with Sphere to develop AOL News and myAOL service- Mgnet. It seems that AOL is very excited about this purchase because they could take huge advantage from the Sphere’s publisher network.
Financial terms of this deal were not disclosed.
Source: AOL Corporate website.
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04-16-2008, 08:04 AM
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