Update: It?s Done. Time Warner Buys Bleacher Report, Price Reportedly Under $200M
Update: TBS has now confirmed this acquisition. The division will become a part of the?Turner Sports division. That group currently manages digital properties on behalf of the NBA, NCAA and PGA, and it oversees ad sales for NASCAR.COM as well as a strategic sales relationship with Yahoo! Sports. It has 86 million unique visitors. The price of the deal was not disclosed but is thought to be in the region of $200 million. Original story follows. The Federal Trade Commission has approved a deal between Bleacher Report and Time Warner -- and according to reports from Bloomberg and AllThingsD, this is the signal that Time Warner division Turner Broadcasting System is finalizing an acquisition of the sports site network.Source: http://feedproxy.google.com/~r/Techcrunch/~3/c6T2oK34np8/
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