The social gaming site hi5 was acquired by the San Francisco-based Tagged on Wednesday. Tagged is the third-largest social networking site after Facebook and Twitter. The Wall Street Journal was first to report this acquisition. The terms of acquisition are not yet disclosed.
This acquisition is mainly for large user base. Currently Hi5 has about 200 million registered users where as Tagged has 100 million registered users. This acquisition would double Tagged user base said Greg Tseng, Tagged cofounder and CEO. In the press release yesterday, Tseng made the following statements about the acquisition.




