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IAC’s CityGrid Media Buys Social Media Monitoring And Analysis Platform BuzzLabs

Social media monitoring platforms are undoubtedly one of the more desirable acquisition targets for both technology, e-commerce and media companies. Salesforce picked up Radian6 a few weeks ago for $326 million and Walmart bought Kosmix as well. And today IAC-owned local media and advertising property CityGrid Media is acquiring its own social media monitoring and sentiment analysis platform, BuzzLabs.
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