Russian Firm Buys LiveJournal

Via PC World -

Russian online media company SUP acquired blogging and community site LiveJournal from Six Apart on Monday, giving the company ownership of Russia's most popular blogging site.

SUP and Six Apart first partnered in October 2006 to launch the Russian version of LiveJournal, which accounts for 28 percent of LiveJournal's audience.

LiveJournal competes with blog hosting services such as Blogger, acquired by Google in 2003; Wordpress, and another service owned by Six Apart called TypePad.

It's the second time LiveJournal has changed hands: In 2005, Six Apart purchased it from founder Brad Fitzpatrick. Six Apart said that during its stewardship of the site the number of accounts grew from 5 million to 14 million.

Although not on the scale of MySpace's acquisition by News Corp., the deal shows the continuing interest of online media companies for services based on social networking and user-generated content.

SUP has established a new U.S. company, LiveJournal Inc., to operate LiveJournal, based in San Francisco, it said Monday. Financial terms of the deal were not disclosed.

Six Apart will continue to represent LiveJournal for advertising and sponsorship for at least the next 12 months, the company said.

In future, Six Apart will focus on core products Moveable Type, Vox, and TypePad, it said. On Sunday, the company announced it is hiring staff to work at TypePad.

It will also continue investing in open source platform technologies such as Memcached, Mogile, Perlbal and OpenID, developed by LiveJournal and now used by other sites including Craigslist and Facebook.