TechCrunch: Demand Media buys liveblogging tool CoverItLive

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Demand Media has originally made a strategic investment in CoverItLive back in 2009, acquiring a minority interest in the startup.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”.

TechCrunch’s full post is at this link


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