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MTV Buys Neopets
Jun 21 2005, 10:27am EST | by Luigi Lugmayr
MTV Networks buys the virtual pet site Neopets for $160 Mio.
Neopets has 25 million pet owners and generates 5 billion page views per month. Mostly kids own virtual pets like Snoogy (see photo) online. Neopets was founded by two college students from the UK in 1999 and has now 120 employees, mostly creating pets like Snoogy I guess.
More details on the NY Times.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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