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"Update (11:19 a.m): Patch's VP of Communications has confirmed the acquisition. \"More details in the coming weeks, but we're very excited about the addition of Mark and his team,\" she wrote.\nAOL has acquired local news aggregator Outside.in, according to multiple reports.\nBusiness Insider, who first reported the news, claims that AOL paid less than $10 million for the startup, which is backed by the likes of Union Square Ventures, Milestone Venture Partners, Betaworks and CNN.\nWe expect that Outside.in will be rolled into AOL's existing Patch network of 800 local blogs \u2014 although how that integration will manifest itself is unclear at present. We'll have a better idea when AOL officially announces the news later today."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2011/03/04/aol-outsidein/>