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New York – AOL (NYSE: AOL) is acquiring Outside.in, an aggregator of
hyperlocal news and information, Business Insider reported, pegging the
purchase price at under $10 million.

Founded in 2006, New York-based Outside.in
has a presence in some 60,000 U.S. neighborhoods.

The service will be
integrated with AOL’s own hyperlocal Patch.com network of blogs.

Outside.in has
raised over $14 million in venture capital financing, from investors such as Union
Square Ventures, Village Ventures, New York City Investment Fund and Milestone
Venture Partners.

 

Related Links:
http://www.businessinsider.com/outside-in-2011-3

http://paidcontent.org/article/419-aol-buying-outside.in/

http://www.outside.in

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