WebMediaBrands Acquires 3rd Power LLC, Producer of Social Media Trade Shows

VirGame.bmpMediabistro’s parent company, WebMediaBrands Inc. (Nasdaq: WEBM), today announced that it has acquired 3rd Power LLC from Charles Hudson. 3rd Power’s main assets are three social media trade shows, the Virtual Goods Summit, Social Gaming Summit and iGames Summit.

SocGame.bmpWEBM chairman and CEO Alan Meckler plans to expand the shows nationally and internationally.

“We expect these shows to continue their growth trajectories and we plan to add east coast and European versions in 2010,” said Meckler.

igme.bmpEarlier this month, WebMediaBrands acquired Social Times which produces two Websites and two trade shows. “These acquisitions, along with mediabistro’s existing events and blogs, make WebMediaBrands a leading provider of social media tradeshows and content,” said Meckler.

Hudson remains with WebMediaBrands as a consultant. Terms of the acquisition were not disclosed.