| NY-based social networking firm Community Connect, which owns BlackPlanet, AsianAvenue, and MiGente, has been acquired by Radio One (ROIA) for $38 million. BlackPlanet boasts 20 million members and was the fourth most-visited U.S. social networking site last year, according to Hitwise.
Founder and president Ben Sun will continue to run Community Connect, which has about 100 employees. We [..] Read complete article |
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