Re: [syndication] Fw: Update on Moreover.com

["Dave Winer" <dave@userland.com>]

Well they're not buying the business, presumably, they are minority
shareholders.

What are their motives? Here's what they said..

David Lockwood, co-CEO of Reuters Venture Capital, said: "Moreover.com has
built one of the leading content aggregation businesses for business on the
Web today and has the potential to scale even further.  Moreover.com's
management has a clear vision of where to take the company and a proven
track
record of executing that vision.  As part of the portfolio of Reuters
Venture
Capital companies, Moreover.com fits strategically with our focus on e-
commerce and infrastructure companies that are leading the development of
the
new economy."

Established in 1995, Reuters Venture Capital is a leading investor in e-
commerce and infrastructure businesses globally.  To date, Reuters Venture
Capital has funded 56 companies, including Yahoo, phone.com, March 1,
Digimarc, Verisign, Infoseek, Fantastic and others.  Reuters Venture Capital
invests to leverage the synergies with Reuters and its existing portfolio of
leading e-commerce and infrastructure companies throughout the world,
particularly in the media and financial industries.

Dave