Social bookmarking site Clipmarks is in the process of being acquired by Forbes.com — still in the process, and not yet acquired as earlier reported, as the deal has not yet been closed.
Clipmarks, a New York-based startup, allows “clippers” to bookmark not an entire web-page but selected text, photos, and videos that capture their fancy. With this ongoing acquisition, Forbes.com plans to integrate the clipmarks technology into their system, as it helps their writers collect and share information to post on their site.
Eric Goldstein, CEO of Clipmarks, clarifies that the acquisition is not yet sealed. Along with this clarification, he also stated the real score between Clipmarks and Forbes as of the moment. “For the past few months we have been meeting with people at all levels of Forbes and the excitement and support they have shown for what we’re creating has been very meaningful to us. As many of you have probably seen already, a number of their writers are already clipping and our technology has been integrated on forbes.com.”
Apparently, the Clipmarks team has long been waiting for a partner who “fully understands their vision for marking news and information more portable and interactive”, and to financially support their technology. Clipmarks, so it seems, might have already found their match.
Originally posted on August 8, 2007 @ 3:57 am