If true, this news from SiliconValleyWatcher.com would certainly be an interesting development in the area of online news aggregation.
Silicon Valley Watcher has learned that Moreover Technologies, the San Francisco-based news aggregator, will announce within the next few days that it has been acquired by a much larger multi-national company.
The announcement is expected by the end of this month. The identity of the acquiring company and the purchase price are not yet known.
UPDATE: PaidContent.org: "The sale, which has been in the works for a long time, is to a Silicon Valley-based public company (NOT a media company)…that’s all we know for now.
Moreover has been having a tough time in face of other open-Web
aggregation services..it has diversified by powering the news search
services for MSN portal, among others. It has changed its business
model many times over the last 4-5 years of its existence: open,
closed, and now half-open again.
Some of the board members, founders and investment bankers on the deal have refused comment till now."