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AOL acquires Weblogs

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Dulles, Va.—America Online announced Thursday it has signed an agreement to acquire 2-year-old privately held Weblogs, one of the leading blogging companies.

The agreement was signed Wednesday, and AOL said it expects the deal to close next week. Financial terms were not disclosed.

Weblogs has a network of 85 blogging sites covering a variety of topics, and more than 100 independent, freelance bloggers. It will become a wholly owned subsidiary of AOL and operate with full editorial control and independence, AOL said.

—Carol Krol

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