A youth-centric online community site has been acquired, but it’s not Facebook. This time around it’s Sconex, a social site for high school students, and the $6.1mm all-stock acquirer is Alloy Media. The latter is a money-losing and highly leveraged marketing and media company that went public a year or so ago.
Some entertaining info on Sconex here, including that it is the 6,958th most popular site on the web, and an allegation that the site’s users are a little on the risque side. You can also scan this article in Forbes.
[Update] As an aside, while Facebook hasn’t been acquired, Om thinks it should have been. And I agree. Turning down a reputed $750mm offer is, in the frothy circumstances, just plain greedheaded and dumb.