Software // Enterprise Applications
News
12/6/2006
01:41 PM
Connect Directly
RSS
E-Mail
50%
50%

Wikia Gets Amazon Funding, Buys Sports Community ArmchairGM

The ArmchairGM unit will operate independently of Wikia, although the sports-oriented community's founders will join Wikia as full time employees.

Wikia, which was founded by the same person who launched the Wikipedia community site, announced Wednesday that Amazon.com has made an investment in Wikia. Separately, Wikia reported that it's acquiring online sports community ArmchairGM.

Wikia wouldn't disclose the amount of the Amazon investment, but did say its acquisition of ArmchairGM is valued at more than $2 million.

In a statement, Jeff Bezos, founder and CEO of Amazon, said, "Amazon has always believed in giving the customer as much information as possible so that they can make the purchase that's best for them." He indicated that Wikia's user-generated content will be an asset for Amazon.

While the amount of new investment figure wasn't disclosed, Wikia observed that a group of prominent computer industry figures, including Pierre Omidyar, Marc Andreessen, Mitch Kapor, Joichi Ito, Josh Kopelman, and Ron Conway, had invested $4 million in the firm earlier this year.

The ArmchairGM unit will operate independently of Wikia, although the sports-oriented community's founders will join Wikia as full time employees, Wikia said.

Gil Penchina, Wikia CEO, said the firm plans to incorporate some of ArmchairGM's features such as its voting capability into Wikia. "At the same time, we continue to look for other acquisition candidates building off Mediawiki software," he said.

Wikia's technology, paced by its Wikipedia online postings, enables visitors to share information widely.

Wikia and Wikipedia were both founded by Jimmy Wales.

Editor's note: This story was changed to more accurately reflect the relationship between Wikia and Wikipedia.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.