Online Party Planning Website Acquires Rival Socializr

Online party planning company has acquired a rival called Socializr. Socializr was started by Friendster founder Jonathan Abrams. Both Socializr and compete against, a party planning website owned by InterActiveCorp/IAC. The financial terms were undisclosed.

Punchbowl is about twice the size of Socializr. Socializr had raised about $3 million in funding and Punchbowl raised about $2 million.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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