Live Universe continues the acquisition tear by acquiring Pageflakes according to TechCrunch. Many of you may recognize the Live Universe brand from the Revver acquisition earlier in the year for $5 million. Apparently Live Universe is making quite a business model out of companies that have exhausted their funding and burn-rate. It appear Live Universe has acquired its’ second victim in the Web 2.0 space. Reportedly $4 million has been pumped into Pageflakes to date before the acquisition.
Pageflakes is a compelling web property but always played second fiddle to Netvibes (one of my favorites) in the ajax social widget space. Live Universe continues to build momentum with 100K uniques per month to the main site.
