American Greetings acquired Webshots.com from CNET for $45 million. Originally, CNET had bought Webshots.com in July 2004 for about $70 million. Webshots is among the biggest photo sharing sites in competition with sites like Flickr, Photobucket and others. It received about 7 million unique monthly U.S. visitors as measured by The Nielsen Company and stores more than 400… Read More »
Private equity firm Veronis Suhler Stevenson announced a majority investment in on-line job board, Vault.com. Vault.com which was growing 30% to 50% a year has revenues reported to be around $9.6 million and is valued at $60 to $85 million.
DevStart, Inc. (devstart.com), an Internet media company serving the web development and promotion markets, has acquired IdeaCafe.com (www.ideacafe.com), an online small business portal. Idea Café provides a range of free services, articles and other information aimed at helping small businesses get started and succeed. That includes everything from how to start a business and obtain financing, to tips… Read More »
Gifts.com, a site providing gift ideas and owned by IAC announced the acquisition of GiveFun.com, an online gift certificate provider.
Discovery Communications, parent company of the Discovery Channel, acquired the “green blog” TreeHugger.com for a reported $10 million. The site reaches approximately 1.7 million uniques a month and is ranked around 7000 by Alexa. The site has about a dozen staffers and it’s content is contributed by over 40 writers around the world.
R.H. Donnelley Corporation, a leading Yellow Pages and online local commercial search company, announced that it has signed a definitive agreement to acquire Business.com, a business search engine and directory and pay-per-click advertising network. Under the terms of the agreement, Business.com would be acquired for $345 million in cash and deferred purchase consideration. The deal is expected to… Read More »
