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NEW YORK — UGO Networks Inc. said Tuesday it is acquiring the assets of rival online entertainment hub Bla-Bla Entertainment Network for an undisclosed amount.
UGO and Bla-Bla both run content networks and provide advertising, and technology support to their affiliated sites. UGO, which has 350 affiliated sites, is acquiring Bla-Bla’s network of sites, according to a UGO spokeswoman.
“The addition of the Bla-Bla network is expected to increase revenues significantly as well as create added synergies in our business,” J Moses, chief executive and president of UGO, said in a prepared statement.
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