The rumors are true. As reported this morning AOL has puchased Weblogs Inc -- Jason Calacanis has just confirmed it all on his own blog.
UPDATE: Here's a Reuters article...
SAN FRANCISCO (Reuters) - America Online Inc. has agreed to buy Weblogs Inc., a network of Internet sites focused on niche topics ranging from food to gadgets, for around $25 million, a source familiar with the deal said on Wednesday.
AOL, a unit of Time Warner Inc. (NYSE:TWX - news), could announce the acquisition of New York-based Weblogs Inc. (http://www.weblogsinc.com) as early as Thursday, the source said.
A spokesman for America Online declined to comment. Executives for Weblogs were unavailable to comment. The personal blog of Weblogs founder and Chief Executive Jason Calacanis said he was flying from New York to a San Francisco Web conference on Wednesday evening.
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