SAY Media has acquired ReadWriteWeb. Terms of the deal were not disclosed. However, according to TechCrunch Say Media paid around $5 million.
Founder and editor-in-chief Richard MacManus will continue to lead ReadWriteWeb as part of SAY Media’s editorial team. In addition to ReadWriteWeb’s current staff, new writers will contribute to the technology publication, starting with Dan Frommer, founder and editor-in-chief of SplatF, who will serve as editor-at-large.
“ReadWriteWeb has established itself as a leading news and analysis source for the tech community, reaching high-level business influencers and decision makers. Its editorial team is frequently sourced and considered to be one of the best in the business,” said Matt Sanchez, CEO, SAY Media. “As we looked to acquire a property that would further strengthen our technology channel, ReadWriteWeb naturally rose to the top of the list. Richard and his team are extremely passionate about the content they create and have worked very hard to develop a deeply engaged and informed community of tech enthusiasts.”
As part of SAY Media’s portfolio of owned and operated media properties, ReadWriteWeb will take advantage of the Say Media’s proprietary technology platform, experienced ad sales team, and design expertise to scale its business to reach more technology enthusiasts and decision-makers. This acquisition will strengthen SAY’s Tech channel offering. Current sites in SAY Media’s Tech channel include: Android and Me, Gear Patrol, gdgt, SplatF, TechDirt and more.
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