At long last, Forbes Media acquires Clipmarks

Online arm of business news publisher has purchased the New York-based social-bookmarking site, which focuses on "clippings" of other Web sites.

Forbes Media announced Wednesday that it has officially acquired, a social news site that operates by enabling members to "clip" and share parts of Web sites rather than simply bookmarking them. Financial terms of the deal were not disclosed, but Clipmarks CEO Eric Goldstein will stay in his post.

The acquisition will serve primarily to enhance Forbes' online news content, apparently. " editors use Clipmarks technology across the site, clipping and posting content from other Web sites that they think site users might be interested in reading," a release from the site explained.

The Clipmarks-Forbes rumor first surfaced way back in August but dissipated quickly when Clipmarks execs hastily denied that the deal was far from certain. It was never stated explicitly, but the undercurrents of Clipmarks' representatives responses suggested that the premature leak of the acquisition talks may actually have delayed or even halted the deal.

About the author

Caroline McCarthy, a CNET News staff writer, is a downtown Manhattanite happily addicted to social-media tools and restaurant blogs. Her pre-CNET resume includes interning at an IT security firm and brewing cappuccinos.


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