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RealTime IT News

StarMedia Acquires Community Service LatinRed

StarMedia Network Wednesday bought Spain-based LatinRed, one of the largest Spanish-language free service networks on the Web.

LatinRed provides a suite of free community services in major markets including Spain, the U.S., Argentina, Mexico and Colombia. LatinRed provides LatinMail e-mail, GratisWeb homepages, and LatinChat chat services, among other services.

The company said the purchase reaffirms its presence in Spain, the U.S., and Latin America.

Last week, StarMedia purchased Chilean company Servicios Interactivos Ltda.(SIL), owner of portals openchile.cl">OpenChile and Panoramas.cl. In an previous shopping spree, the company acquired Brazilian directories Cade? and Zeek!.

LatinRed will continue to operate independently at its headquarters in Barcelona.