ReadWriteWeb sold

December 15th, 2011 at 4:00 pm by David Farrar

Stuff reports:

Wellington technology blog, ReadWriteWeb, consistently judged one of the world’s most popular blogs, has been bought by San Francisco digital publishing company Say Media for an undisclosed sum.

Major US technology website TechCrunch, which itself was bought for US$25 million last year, is reporting the deal is worth US$5 million – about $6.6 million in New Zealand dollars.

Run by Petone’s Richard MacManus since it was started in 2003, ReadWriteWeb has a staff of just under 20, most of whom are based in the US.

MacManus said the site attracted about 5 million page views and 2.75 million unique visitors each month.
It had begun looking for a potential buyer a few months ago, as it needed more resource to grow, he said.

He planned to increase the blog’s technology coverage, including of technology hardware.

Well done to Richard McManus. This is the great thing about the Internet, that someone in NZ can be globally successful from his house in Petone.

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6 Responses to “ReadWriteWeb sold”

  1. KH (692 comments) says:

    So next up is it going to be Kiwi/Yankee blog. ?

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  2. Daigotsu (451 comments) says:

    And what did Labour ever do to support him?

    NOTHING

    Without Lavbour’s stultifying hand on the economic reins from 1999 to 2008 who knows how many other brilliant successes might have appraed… not just this one

    [DPF: Please don't turn every thread into a political one or I'll conclude you are trolling]

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  3. Falafulu Fisi (2,176 comments) says:

    DPF, you may be next. Here comes Fairfax to buy Kiwiblog.

    Another popular tech blog in the US, TechCrunch was reported to have been bought by AOL for $20 millions last year.

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  4. labours a joke (442 comments) says:

    Phil Ure from whoar must be wetting himself with excitement at the thought of the Yanks purchasing a blog from good ole Nil Ziland. Keep dreaming Phil. You need some hits first..excluding your own.

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  5. KiwiGreg (3,211 comments) says:

    Maybe he should have only been allowed to sell 49% of “our” blog and then only to New Zealanders

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  6. hmmokrightitis (1,558 comments) says:

    This is part of our ‘knowledge wave’. This is the beauty of the internet, that you can do this from anywhere. There are a few NZ based sites around now, and they are creating real value, value that will crystalise in the years to come. And Daigotsu, I started my web based organisation under labour. Anyone could – its not up to government to help me to do so, its their job to stay out of my way as I do, I dont need a mummy.

    And at some point in the next few years, I will be selling my business as well. Cant wait :)

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