China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Demand Media buys Pluck for $50-60 mln-source
NEW YORK (Reuters) - Demand Media, run by former MySpace Chairman Richard Rosenblatt, said on Tuesday it has purchased Web media syndication company Pluck Corp, as part of an expansion of its Internet social media business.
A source familiar with the matter said the Pluck deal was valued at between $50 million to $60 million.
Reuters RTR.L is a customer and investor in Pluck, which operates one of the world's biggest blog syndication network called BlogBurst that connects newspapers and other media sites to selected blogs.
(Reporting by Kenneth Li, editing by Leslie Gevirtz)
