Demand Media Buys CoveritLive Blog Tool

Published on March 3, 2011
by Peter Kafka

Here’s Demand Media’s first acquisition since it went public earlier this year: The Web content-maker has purchased CoveritLive, a live Web-blogging tool it had already backed in 2009. You can read Demand CEO Richard Rosenblatt’s rationale for the deal on Twitter; if you want to hear more from the company, particularly about its relationship with Google, tune in to its presentation at Morgan Stanley’s tech/media conference this afternoon.

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