The FishbowlNY blog says it has received a tip that the media conglomerate is about to announce its acquisition of the religion-and-spirituality site, a Web 1.0 veteran.
Fixing the sorry state of local news could cost up to $1.6 billion, or about as much as Google paid for YouTube, report indicates.
The perpetual Valley darling, long rumored to be up for sale, has instead infused its coffers with capital from Highland Capital Partners and announced an expansion effort.
After its launch of the "Version 4" redesign proved disastrous, Digg has laid off about 37 percent of its staffers and promises to refocus on product and profitability.
The Trendforum conference gathered European innovation, marketing, and R&D executives to explore emerging technologies, social trends, and innovative business models.
That's a big reason behind of spate of old media-new media pairings in the last year. But is it a strategy that will be enough to restrain Google's growing appetite?
Faithbase is a hub for Christians to meet and socialize. The site officially launched in June 2007, but its "overt marketing push began about a month ago."