Well Group Acquires The Well From Salon Media Group
Back in June, Pulse2 wrote about how Salon Media Group has put The Well up for sale. The Well is one of the earlier social networks on the Internet. Yesterday Salon Media Group said that they sold The Well to the Well Group, a private investment group which has longtime members of the community. The Well Group was founded in 1985, long before the Internet became popular. The sale of the Well Group includes the valuable domain name well.com. “The Well welcomes the opportunity to support its existing base and extends an invitation to like-minded individuals looking for a social network that puts the free exchange of ideas at the forefront,” stated The Well Group CEO Earl Crabb. Salon did not say how much The Well sold for.