by CIO Staff

AOL Acquires Relegence

Nov 08, 20061 min
Mergers and Acquisitions

AOL, Time Warner’s Internet division, has acquired Relegence, a New York-based service that provides financial information and other related news to its subscribers, The Wall Street Journal reports.

AOL said on Wednesday that Relegence will be run as a wholly owned division of the ISP, and it will remain headquartered in New York, with offices in London and Tel Aviv, according to the Journal.

The acquisition is the latest for AOL, which is attempting strengthen its waning user base by offering new and different services free of charge, the Journal reports.

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