Canadian Sales

A couple of interesting “web 2.0” and Canada related news yesterday, first Kelowna (BC) based Club Penguin was sold to Disney for what seems like a crazy 700 million (according to this post they were bootstrapped which is impressive as hell, from 0 to 700m). Then Treehugger was sold to Discovery Communications for 10 million. Treehugger was founded by Sutton (QC) born Graham Hill who seems to have had a good career, how come I’d never heard of him before? Well done money wise for both teams but it’s too bad to see two more projects heading south of the border.

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