Alloy buys Sconex for high school hegemony
Another day, another social network site acquisition. This time, says a reader, it's run by at least one MIT kid who might get some schadenfreude if Facebook falls flat on its, um, face.
I just found out that Sconex.com was acquired by Alloy for around $6 million. I found that pretty interesting, especially given all the hubbub about Facebook.com's possible price of $2 billion, as Sconex is pretty big in the high school social networking market.
As far as the gossip angle goes, I don't know all of the details, but I know at least one of the founders of Sconex is at MIT (in contrast to the Facebook coming out of Harvard). The two schools are rabid rivals, so if Facebook goes for more than 100x what Sconex went for, I guess the big H will come away with this win.
