Giga Omni Media has secured another $4.5 million in funding, bringing the total to $5.3 million according to Michael Arrington, who disagrees with the decision to raise money at all. Om Malik writes:
We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves.
This move shows that Giga Omni Media will continue to expand aggressively, and further acquisitions, following the ones of jkOnTheRun and The Apple Blog, is likely.
Author: Thord Daniel Hedengren
Thord Daniel Hedengren is a designer, writer, and blogger, and also the former editor of The Blog Herald. He used to be a hotshot in the gaming industry in Sweden, but sold everything and went International. Most recently he wrote a book called Smashing WordPress: Beyond the Blog, and does loads of kickass design.
