Vulcan Ventures Inc., the company that invests for billionaire Microsoft Corp. co-founder Paul Allen, said it will acquire closely held One-On-One Sports Inc., a sports radio network, to increase its sports-related holdings.
Bellevue, Wash.-based Vulcan Ventures said One-On-One will be renamed Sporting News Radio Network. Terms of the deal weren't disclosed. The company acquired the Sporting News in February from the former Times Mirror Co.
Chicago-based One-On-One owns radio stations in Boston, Los Angeles and New York.
Vulcan Ventures invests primarily in technology companies, including hardware, software and Internet-content companies.