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From the News Desk
Wednesday, 15. November 2006
Reuters Invests USD 7 Mln in Blog Aggregator, Pluck
Reuters, the global information company, and Web media syndication site Pluck, have formed an alliance to syndicate third-party blog content as part of Reuters news and information service. Reuters has invested USD 7 million in the Austin, Texas-based company in return for an undisclosed ownership stake, Pluck Co-founder and Chief Executive Dave Panos said.
Reuters will offer Pluck’s BlogBurst blog syndication service to its media partners worldwide. BlogBurst is a blog syndication network, with more than 2,800 blogs serving content to news outlets including The Washington Post, Gannett News, The San Francisco Chronicle, Austin American-Statesman and more.
Pluck plans to take advantage of Reuters' investment to expand its services worldwide, starting in Europe and later in Asia, executives of both companies said.
Reuters will offer Pluck’s BlogBurst blog syndication service to its media partners worldwide. BlogBurst is a blog syndication network, with more than 2,800 blogs serving content to news outlets including The Washington Post, Gannett News, The San Francisco Chronicle, Austin American-Statesman and more.
Pluck plans to take advantage of Reuters' investment to expand its services worldwide, starting in Europe and later in Asia, executives of both companies said.
