The Price For ReadWriteWeb Was Around $5 Million

Tech blog ReadWriteWeb was acquired today by SAY Media, as was previously reported. I've found out a few more details. The price SAY paid out was under $5 million, after the assumption of ReadWriteWeb's liabilities, according to a source privy to the details. The company's liabilities weren't huge, so the total acquisition price was somewhere around $5 million. Staff are being asked to sign new contracts with SAY Media today, with contracts going through March, 2012. And a redesign will probably roll out sometime in the first quarter.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/PdQrVZJ8GlQ/

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