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NEW YORK The recent spate of online media acquisitions is likely to continue, as traditional media look to high-growth outlets and a fragmented market consolidates, according to the head of a leading mergers and acquisitions firm.
Tolman Geffs, managing director at The Jordan Edmiston Group, cited Verisign’s $30 million acquisition of Moreover, an aggregator of real-time Web content that helps power the news search for iWon MSN and other sites, as the largest deal to date in the blog industry.
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