The first news that I came across today are about two interesting deals. The biggest one is Google to acquire Digg (seems to be still a rumor, though) while the other is GigaOM to acquire small mobile blog (that I love) jkOnTheRun.
The interesting aspect which both deals have in common is that they are about consolidation of the “news” market, even if it’s pretty clear that the size of the deals is much different. Both companies are not going to re-invent the wheel, but they are bringing value to their products (Google News and the GigaOM Network) by integrating well known and already successful services.
I believe we will see more deals like these in the following months, the “consolidation” process is just beginning and, in addition, many VCs which invested in the web 2.0 world are eagerly looking for exits. Stay tuned.
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