Footnoted.org founder buys company back from Morningstar

Michelle Leder, the business journalist who runs Footnoted.org, has bought her company back from Morningstar, which had acquired it two years ago.

Leder writes, “As most footnoted regulars know, Morningstar acquired footnoted in February 2010. Here’s the post that I did when the deal was announced. Since the terms weren’t announced then, we won’t be disclosing them now, which, I know seems ironic, given what this site is all about.

“Over the next few weeks, I expect to start working on a number of changes to both the free and the Pro site — changes that I’ve been eager to make for quite some time now. If you have any suggestions, please don’t hesitate to post them below or email me directly. While I focus on some of these issues, posting will be lighter than normal. But I’ll continue to read SEC filings and will continue to actively tweet @footnoted.

“This has been in the works for quite some time, which proves my theory that deals, even relatively small ones, rarely come together overnight and there are inevitably more complications than anyone expects.”

Read more here.