MTV Networks has purchased the online website Neopets Inc for a grand total of $160 million dollars. Neopets allows people (mostly kids) to create their own “virtual pet” and receives more than five billion page views a month. The company was originally founded by two British college students in 1999 and now operates in 10 languages. MTV plans on adding this site to their existing children’s programming lineup.

[Check it out]

No Tags