Raj Mehta, a popular blogger, sold almost his entire blog to software giant Macrosoft for an undisclosed amount. Trade pundits put the transaction size to be around 2 billion USD.
www.randomlymumbleddeepthoughts.blogspot.com is the link where Raj blogs anonymously (until now). As per the agreement, the front page still belongs to Raj while MS owns all the archives i.e. what you get when you click 'older posts' at the bottom of the first page.
Raj is the second entrant to the billionaires' club this month after a venture capitalist picked up a stake in Sanjeev More's social network on March 3rd. Sanjeev, who is a self-proclaimed wastrel with about a 100 plus friends, sold his real life social network to Fundemall, an angel investor from Silicon Valley for a billion plus USD. 'If an online network is worth 15 billion, think of the value of my real life network', says Sanjeev - a veiled reference to Fiendster, a popular online social networking site. Ironically, his friends aren't too thrilled at the transaction and his network might be severely affected as a result. Fundemall is closely monitoring the situation.
Raj and Sanjeev are also planning to work together on their next idea - a web portal linking start up ideas to VC funds. 'We are specifically targeting what we think are bad startup ideas because these are sometimes the ones that need the most help with funding' says Sanjeev.
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