Msnbc.com has acquired social news site Newsvine.com to “foster a community among its readers and to exploit the power of unmoderated user commentary and ranking of the news.â€
Both parties declined to disclose the value of this all-cash transaction. Moreover, msnbc intends to keep Newsvine an independent site and will only help expand its user base.
“We want to understand [Newsvine’s technology and processes], but we don’t have any agenda. Where companies get into trouble is when they try to impose big-company standards in small companies,†said MSNBC Interactive News president Charlie Tillinghast in a news release.
According to Newsvine Blog, this acquisition means so many good things such as increased exposure for Newsvine writers, bigger community, improvements on speed and reliability, more news, and slightly bigger staff.
Originally posted on October 8, 2007 @ 10:27 am
As long as MSNBC keeps their hands off this could help Newsvine grow. MSNBC has the ability to help Newsvine reach thousands of more potential users.