TechCrunch reports today that Demand Media has bought CoverItLive for an undisclosed sum. The liveblogging tool was founded in Toronto, Canada in 2007 with funding of $1 million.
Demand Media has originally made a strategic investment in CoverItLive back in 2009, acquiring a minority interest in the startup. With today’s acquisition, CoverItLive will become a platform within Demand Media’s portfolio of social “solutions”.
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