AOL Makes Groovy Buy, Acquires Goowy

  • February 4, 2008
Even as the online world was still catching its breath from Microsoft's industry-altering bid to acquire Yahoo, the M&A market continues to percolate with AOL announcing a deal of its own, albeit a far smaller one, to acquire widget developer Goowy Media Inc. Terms of the deal were not disclosed, but AOL said San Diego-based Goowy would continue to operate as a wholly owned subsidiary under the AOL Products division.
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