The deal between Glam Media and Ning will create a social media content company with more than 240 million users and 100,000 publishers.
Glam Media, a US-based online advertising network, has agreed to acquire Ning, a local developer of social websites for about $150m.
The deal will create a social media content company with more than 240 million users and 100,000 publishers.
Jason Rosenthal, Ning’s chief executive, will join Glam as executive vice-president of social media and general manager of Ning, which will be a new business unit within Glam Media.
Ning has raised around $120m from angel investors Marc Andreessen and…
