AOL Acquires Financial News Search

AOL on Wednesday made its fifth acquisition of the year, snapping up financial news search company Relegence. Relegance monitors and filters through 20,000 sources of live content streams, creating a customized feed based on a user's preferences.

AOL plans to use Relegance's technology to build filtered news streams for consumers. Although Relegance currently charges a subscription fee for its service, AOL will likely make it available to users at no cost. "This acquisition is a perfectly timed enhancement and complement to our web services strategy, where content management for web publishing will be a critical component of delivering the best experience for our users," said Jim Bankoff, AOL Executive Vice President.