Tuesday, June 12, 2007
Demand Media Acquires ExpertVillage.com
Santa Monica-based Demand Media announced Tuesday morning that it has acquired ExpertVillage.com, a provider of online, "how-to" videos. Financial terms of the deal were not disclosed. Demand Media said that the acquisition will expand its social media platform, through a library of video content. ExpertVillage provides a professionally filmed "how to" videos across hobbies, home and garden, money & finance, travel, and health & beauty. Demand Media is the venture backed social media venture of former MySpace chairman Richard Rosenblatt.