Category Archives: Acquisitions

New about Acquisitions of various websites.

HandHeld Entertainment Acquires Putfile.com

HandHeld Entertainment Acquires Putfile.com for $7.1 Million ($1.08 million in cash and approximately $6.0 million in HandHeld Entertainment common stock) and Increases Audience to More Than 13.7 Million Unique Visitors and 83 Million Page Views. Putfile.com is a leading free digital media service featuring user-generated content.

Allrecipes Web site sold for $66 million

Allrecipes Web site sold for $66 million to the publisher (Reader’s Digest) of Rachel Ray’magazine. Allrecipes.com was founded in 1997. In 2006 it claimed 1.6 million registered users and 30,000 recipes. Reader’s Digest expected Allrecipes.com to add about $4 million of sales before interest, taxes, depreciation and amortization.