As reported by Vecosys, Emap, one of the UK’s largest publishing houses has acquired YoSpace. YoSpace maintains the platform used by both 3’s SeeMeTV and 02’s Look AT Me TV services - both sites reward users for submitting user generated content (ugc). The deal was said to be worth just under £9m, with a further £5 million if performance targets are met. The U.S., particularly in Silicon Valley, has seen a large increase in buy-outs over the last three months, so it was only a matter of time before the UK tech industry realised, suprisingly, that there is actually money to be made with this thing those Americans call the ‘tinternet’.
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