Tech, Media & Telecom: AOL Buys Gdgt
Gdgt is a website where users review and discuss technology products
AOL Inc. (NYSE: AOL) has acquired review website Gdgt for an undisclosed amount.
Gdgt partnered with Engadget, a company owned by AOL, to provide product data for their website over the past year. Engadget founder Peter Rojas and editor Ryan Block launched Gdgt. AOL bought Engadget in 2005 as part of a $25 million deal, but Rojas left in 2008 to start Gdgt. The 2005 deal was for Weblogs Inc., a company that was started by Brian Alvey and Jason Calacanis, who also invested in Gdgt.
Gdgt allows users to review and discuss technology products. The site also allows users to build a product list and receive reviews and opinions on the products they want.
The company is backed by True Ventures, Spark Capital, Betaworks, AOL Ventures, Lerer Ventures and Calacanis.
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