Local
AOL Acquires Patch and Going
AOL acquired two companies to add to AOL's network of local services -- Patch focuses on community-specific news and information while Going is a local event platform. Noted AOL Chairman and CEO Tim Armstrong, "Local remains one of the most disaggregated experiences on the Web today -- there’s a lot of information out there but simply no way for consumers to find it quickly and easily. It’s a space that’s prime for innovation."
AOL Acquires Two Local Services, Patch and Going
Posted on June 11, 2009. Tagged: Corporate, Acquisition, Going, Local, Patch
Acquisitions Add to AOL’s Leading Network of Local Services with a Community-Specific News and Information Platform and a Local Event Platform
NEW YORK, NY – June 11, 2009 – AOL today announced two acquisitions in the local space: Patch Media Corporation, http://www.patch.com, a local news and information platform aimed at serving local towns and communities and Going, Inc., http://www.going.com, a local platform for people to discover and share information about things to do in a number of leading cities across the country. Both Patch and Going offer local experiences, content and self-service applications for consumers and advertisers.