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Weblogs.com sold to Verisign

Boy, the scent of money is in the air these days. The latest report is that Dave Winer has sold weblogs.com to Verisign (~$5 million is the figure being bandied about for $2.3 million). This is an interesting one because it seemed crazy (see below) when I first heard about it, but now that I've heard it from multiple sources, who knows?

Verisign is interested in blogs and RSS (another of their acquisitions in this space will be announced soon) and it's not hard to see why Dave would sell weblogs.com (the site needs some firm financial backing to keep from buckling under the ever-increasing strain of all those pings), but to Verisign? To me, Verisign embodies the idiocy and ineptitude of the BigCos Dave often rails against...the BigCo to end all BigCos. If true, those are some odd bedfellows indeed.

Update: Silicon Beat says they have confirmation that Verisign bought weblogs.com:

We're getting confirmation that the rumors about Verisign buying Dave Winer's Weblogs.com are true. The price is $2 million. What Verisign wants with Weblogs is another matter. Weblogs was one of the first, if not the first, centralized ping servers that blogs could use to alert the world to new content.

I like how when a weblog has two independent sources on something, it's a "rumor"...

Update #2: Verisign confirms the purchase.

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This entry was published on October 06, 2005 at 11:39 am.

Tags for this entry:  davewiner  weblogs  weblogsdotcom  versign  stupidcompanies  dotcom  acquisitions  business 

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