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Austin Ventures, Atkinson form media company

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Austin, Texas—Austin Ventures announced it has partnered with Sherman Atkinson to form ATCOR Holdings, a company that will focus on acquiring and operating businesses in online advertising, marketing and digital media. Austin Ventures said it has committed $50 million of equity capital to support the venture. Atkinson will be CEO of ATCOR.

Prior to forming ATCOR, Atkinson was COO of Intermix Media, which owned MySpace.com before it was acquired by News Corp.

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