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Alloy Media Buys SI-Backed Online Sports Social Network Takkle.com

Alloy Media and Marketing, the NYC-based online youth-focused company, has acquired Takkle.com, a high school sports recruitment website also based in NYC. Takkle will become part of the Teen.com Network, Alloy’s content and ad network, the companies said, though the site will remain separate for now.  Teen.com’s network includes its flagship Alloy.com, Gurl.com (which Alloy bought from iVillage, Teen.com, and Channelone.com. No financial details were released, though likely a stock and earnout deal.

Takkle, founded in 2006, had raised about $12 million in two rounds, and was backed by Time Inc’s Sports Illustrated, the New York City Investment Fund, WMG Investments, the investment arm of Wasserman Media Group, Greycroft Partners (our previous investors), IJ Smith Enterprises, and Jack Schneider, Managing Director at Allen & Co. The site/service allows high school athletes to create player and team profiles, share videos and photos, track and view statistics, and allows students to connect with team coaches and college sports recruiters. Not clear: if Takkle’s alliance with SI will continue: back when the deal happened in 2007, Takkle was supposed to feature SI articles on its site and also sponsor the Time Inc. magazine’s Faces in the Crowd feature. More details in release.

Back in 2005 Alloy also bought high school social networking site Sconex for $8.7 million, mostly in stock.

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Feb 4, 2009 8:54 AM ET
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Posted In: Entertainment, Sports, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, alloy media, takkle

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