AOL Purchases Startup Going Inc.

AOL, which is splitting from Tim Warner Inc., recently announced that it has acquired Going Inc. — a startup company based in Boston. While no financial information was released about the transaction, industry rumors indicate that the price tag was likely less than $10 million.
Going offers a lot of what AOL is looking for as they recreate their business model. Available in 30 of the biggest cities in the United States, Going provides local information in a Web 2.0 format. There are also social networking elements and tools for local promoters who want to get the word out about an …read more