ArmchairGM, a wiki platform devoted to sports, which was acquired by Wikia has decided to go totally social by adding a blend of social networking features. ArmchairGM leveraged a wiki format to form a community but felt it was missing something.
Is a wiki site worth $2 million? This reported acquisition could validate the worth of user generated content. Alternatively, Wikia could be looking to ArmChairGM for the founders' talents to help build up the collection of Wikia communities. Congrats to ArmChairGM co-founder Aaron Wright and company on their success.
Bottom-line: ArmChairGM is a niche wiki site built on a free wiki platform reportedly set to be acquired for $2 million. In the open and free world of web 2.o product developers do not have to reinvent the wheel to be considered valuable.