Report: AOL buying Weblogs Inc.
Web giant America Online is buying Weblogs Inc., a publisher of blogs including the popular Engadget, a Web site that offers news about electronics gear.
According to PaidContent.org, the deal is expected to be announced this week. Weblogs Inc., not to be confused with Weblogs.com, was founded by Jason Calacanis and Brian Alvey. It has approximately 130 bloggers and 15 full-time employees.
PaidContent estimated the purchase price at anywhere from $20 million to $35 million.
