Online Party Planning Website Acquires Rival Socializr

Posted Nov 14, 2010

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.