AOL shuts down b-to-b portion of Relegence

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New York—AOL confirmed Wednesday that it is shutting down the b-to-b portion of Relegence, a real-time news company aimed at the financial industry.

“We will continue to own and operate the Relegence business, focusing solely on its consumer offering by leveraging its real-time headlines, news, financial and consumer information on MediaGlow sites such as AOL Money & Finance and WalletPop, in addition to implementing Relegence across the AOL network of sites,” an AOL spokesperson said in a statement.

AOL acquired Relegence for a reported $50 million three years ago.

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