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Classified Ventures Acquires Real Estate Firm HomeGain

Authored by Mark Hefflinger on July 6, 2005 - 2:58am.
Emeryville, Calif. -- Online advertising firm Classified Ventures, a joint venture owned by six media companies, including Knight-Ridder, said that it has acquired online real estate firm HomeGain. Financial terms of the deal were not disclosed. HomeGain is an online lead and real estate marketing resource, providing consumers with access to real estate professionals, while giving agents and brokers the products and tools to conduct and manage their online marketing. Richard Sommer will continue to serve as CEO of HomeGain and will also become president and general manager of Classified Ventures' real estate vertical, overseeing the operations of HomeGain and Homescape, a Classified Ventures property. HomeGain will operate as a subsidiary of Classified Ventures and will retain its headquarters in Emeryville.
tags: VC | Classified Ventures | Real Estate | HomeGain |