Chitika Looking To Acquire Blog Networks?

“Blog network acquisitions to complement Chitika’s affiliate network growth.”

Pointed to by Chitika themselves;

To expand their growing network and help their advertisers reach out to consumers in the blogosphere they’ll be looking to acquire sprouting blog networks to spark up Blog$ fire!

Saying in their press release: “Chitika, a leader and pioneer in the blogosphere and known as the “blog dollars” company, has recognized the stand these blogs have taken in this online real estate and is looking for acquisitions to fuel its fast growing blog network” and citing what they believe to be their strength “With over 12,000 participating blogs collectively generating over one billion monthly impressions” they deliver a shot across the bow by mentioning “advertisers and merchants are looking at the Chitika network as one of the most powerful online sales channels in the new web.”

Venkat Kolluri, the CEO of Chitika, is quoted by the press release as saying “The blogosphere is evolving into the most powerful online sales channel for our advertisers and our goal is to capture the lion’s share of this market space.”