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Personalized news aggregator gets snapped up in successful exitHow do you take under $1 million and turn it into $4 million in a year? Ask Jason Goldberg, founder of socialmedian. European social network, Xing, is buying socialmedian, a personalized news aggregation site, for $7.5 million, about $4 million cash upfront and $3.5 million in an earn out. Liquid Scenarios, our sponsor for Vator Box, predicted the acquisition amount accurately in this Vator Box segment, where Esther Dyson was our guest host evaluating socialmedian. The announcement almost doesn't come as a surprise as socialmedian founder Jason Goldberg said to me in an earlier interview that he didn't plan on stretching out his tenure at this company for very long. He even seemed to suggest that he'd shut it down, ... [Read more]

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    Video/Clip/Movie Socialmedian sells to Xing for $7.5 million from VatorTV.