Wikia To Buy ArmchairGM for $2 million
Written by on December 5th, 2006 in Ajax News.
Wikia will announce the acquisition of ArmchairGM sometime this week, according to a source close to the transaction. The company was bought for $2 million in cash and Wikia stock.
We briefly mentioned ArmchairGM in a post about a competitor a couple of months ago. The service, which was created by four guys in New York, is a sort of digg-wiki-sports hybrid thing. Apparently the technology is interesting and compatible with Wikia, and my guess this is partially a hire-by-acquisition type deal.
Our previous posts on Wikia are here.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/57336002/