Battelle Turns Down $100 Million Offer For FM Publishing.  Decides To Shop Around For a Higher Price.  —  Yesterday, news started circulating that Federated Media Publishing hired Savvian, a boutique San Francisco investment bank, to shop around the blog ad network to potential buyers.

Source:   TechCrunch

Author:   Erick Schonfeld

Link:   http://www.techcrunch.com/2008/01/24/battelle-turns…