CarDomain Acquires StreetFire

Seattle-based CarDomain, a social site for auto enthusiasts, said today it is merging with its chief rival, Los Angeles-based StreetFire. Financial terms of the deal were not announced, but StreetFire CEO Glenn Rogers will head the merged company and CarDomain founder Alex Algard will be its chairman. The news was first reported by TechCrunch and TechFlash. CarDomain laid off 16 workers in November, and its CEO and vice president of marketing left the firm in February.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] Follow @gthuang

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