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VeriSign-Moreover: Google Came Close

By Rafat Ali - Sun 09 Oct 2005 08:11 PM PST

Gleaned some more info on the Moreover’s acquisition by Verisign, through sources ... the $25 million is on the low side; it is closer to $30 million, from what I know. Google did come in at the last minute with a higher bid, but too late ... the deal was done.

And yes, the deal connects directly into VeriSign’s Weblogs.com acquisition: VeriSign need parsing, datestamping and other such data collected from rich ping, that is, pings that contain more info than simply fact that a site was updated. And this is where Moreover comes in. Of course, Moreover comes with more than rich pinging ...

On the Moreover management, looks like most of them will stay, though the fate of CEO Jim Pitkow is not yet clear..

If you want to know the history of what Moreover has gone through over the years, and why it missed achieving greatness despite being ahead of the curve on much of the technology making a stir today, read Kottke’s account here.

Also read: ”Moreover, the News Aggregator: Interview with Jim Pitkow

Posted in: Information, Biz & Fin, Money, VC+M&A



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