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Online publishing giant Glam Media has bought Ning, Marc Andreessen’s company that helps users build specialized social networks, for an undisclosed amount.
Glam is a massive online publishing network with more 2,500 publishers and more than 200 million users, putting it regularly among the top 10 Web sites. It’s on track to surpass $100 million in revenue this year.
Andreessen founded Ning — his third company after Netscape and Loudcloud — a few years back, and it now hosts more than 100,000 special-interest social networks.
Andreessen will be joining Ning’s board of directors. He explains more about the deal on his blog.
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/aGqzysaPY8o/glam-media-buys-marc-andreessens-ning-2011-9