Web 2.0 News

Kaboodle Acquired by Hearst Magazines
Kaboodle, the social shopping site that looked like a better fit for eBay than a media conglomerate, has been acquired by Hearst Corporation for an undisclosed amount. Kaboodle had taken $5 million in first round funding from 10 investors including Ron Conway.

Source: http://mashable.com/2007/08/07/kaboodle-hearst/