MSNBC has acquired Newsvine, the social news and discussion site, for an undisclosed price. Msnbc.com is a privately run news organization started by Microsoft and NBC in 1996. The site is one of the most decorated, highly trafficked news sites on the web, serving more than 29 million unique visitors per month. Contrary to popular belief, msnbc.com is run independently from both Microsoft and NBC and even the MSNBC news channel. It is its own organization, headquartered in Redmond, and has been growing and profitable for several years now. Msnbc.com employs about 200 people.
Microsoft, NDB, msnbc.com, Newsvine, Acquisition, Buy, Corporate News
From the Newsvine Blog: Newsvine will continue operating independently, just as it has been since launching in March of 2006. Msnbc.com is committed to maintaining and growing the community and features that have made Newsvine what it is today. In other words, Newsvine will be the same Newsvine you've always known, only stronger. Over the next few years, Newsvine technology and content will make its way onto msnbc.com, and vice-versa where it makes sense. Our users' columns and content will remain as they have been, as we work hard with msnbc.com to implement improvements and enhancements.