Wednesday, October 5, 2011

Report: Federated Paid Around $100M For Lijit

A report today says that San Francisco-based Federated Media paid just under $100M in stock for Lijit, the blog widget and advertising network it acquired this week. The report came via Fortune, which cited "multiple sources" on the figure. Federated Media has not announced how much it spent on Lijit, which was ventuer backed by Boulder Ventures, High Country Venture, Highway 12 Ventures, and The Foundry Group.