Apr-12-2008
Blackplanet sold for 38 million dollars
Popular Internet destination blackplanet.com was sold this week for 38 million dollars. A popular site for people of all colors for over a decade I was surprised to see it sell at such a low premium. Especially considering popular European social community site Bebo.com was sold for almost a billion dollars (850 million) with similar numbers to blackplanet.com. They were bought by Radio One corporation.
Posted under blackplanet.com