Russian media company acquires LiveJournal

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The Russian media company SUP has bought the world's most popular blogging service out from the US-based Six Apart. The resource will be managed by a new company headquartered in San Francisko. Reports suggest that minimal management changes are expected.

The amount of the transaction has not been revealed. LiveJournal enjoys over 18 million unique visitors monthly from 250 countries from the world, notes newsru.com