The Big Secret is not so secret anymore

If you’ve been reading the news on Metroblogging.com then you know all about Yahoo! taking a liking to us. We’re pretty amped for obvious reasons.

See, we know how to keep our mouths shut (just kidding flickr). That’s right, while we don’t have the full press releases available because we didn’t want them to be dated April 1, we can at least spill the beans here that Yahoo! has acquired a 45% stake in Metroblogging and will be helping us launch some 300 new cities in the following few months. This is something we’ve been working on since Jason moved to San Francisco and was the hardest secret to keep at eTech this year. Since we’re sure everyone will be asking let’s just say the figure is larger than $25M and smaller than $26M. What are we doing with the funding? Better servers, paying bloggers, new cars, hookers, blow, the usual. Details to follow. Stay tuned.

If you read any of the other Metblogs you might have heard that we’ve decided to buy up some other local sites and SFist is the first to join the family. Yes, it’s going to be an interesting next few weeks…

UPDATE: April Fools

10 Replies to “The Big Secret is not so secret anymore”

  1. It’s OK Mack, I pointed out the date in the original post, that’s why we’re not shipping press releases today. You can see the SFist authors are already showing up on the SF Metblog author list..

  2. Major congrats! I’m a little bit floored by this announcement. Just a little confused that you’re acquiring SFist considering there seemed to have been some tense moments with folks from the Gothamist team. Anyway, CONGRATULATIONS!!!

  3. Man, I hope this isn’t some April’s Fool joke because I really want to be stoked for you. And NY too???

  4. it was a tough negotiation, but Sean is a savvy operator, and we were able to reach a pretty favorable agreement. i can’t get into the specifics, but let’s just say most of the SFist writers are going to be buying Porshes in the next couple of days.

  5. i can’t get into the specifics, but let’s just say most of the SFist writers are going to be buying Porshes in the next couple of days.

    Soooo, not that much money, eh? ;D

  6. Uh, Jake — dude, screw the other writers. This is all about me. I thought the whole idea was to have a bunch of oral agreements so that when I got bought out I wouldn’t owe them anything, which is what I’m doing, for sure. They can suck it. And Porsche? Try a Hummer. And I’ll be writing from SF Metblogs from my new place in the Hollywood hills. San Francisco is too small-time for me now.

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