Ethnic Social Network CommunityConnect Bought By RadioOne Networks For $38 Million
Apr 10, 2008 5:41 PM
CommunityConnect, one of the oldest social networks around (since 1996) which has focused on different ethnic groups, has been sold to a non-obvious buyer: Radio One, the radio network focused on African-American and urban listeners, has bought it for about $38 million. CC owns BlackPlanet.com, MiGente.com, and AsianAve.com, and says…
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, communityconnect, radioone
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