Rupert Murdoch, chair of News Corp., is buying Dow Jones & Co, the publisher of the Wall Street Journal for $5 billion. Yesterday he announced that he’s ending the subscription model for the WSJ.com website (which many deem a success).
Classmates Raises Hand, Files For IPO
I’ve never thought of Classmates.com in any sort of “professional capacity”; I’ve just dodged its banner ads while doing my daily browsing. There’s no dodging this, however: the owner of Classmates.com has filed for a $125 million IPO.
United Online To Acquire Classmates Online
United Online also announced today that it has signed a definitive agreement to acquire Classmates Online, Inc., a leader in online community-based networking, for approximately $100 million in cash, net of cash acquired.