Intuit Inc. announced it has signed a definitive agreement to purchase Homestead Technologies Inc. which about 10 years ago created Homestead.com. The cash transaction is valued at approximately $170 million, including the assumption of Homestead’s outstanding options and restricted stock units. Approximately 12 million people have used Homestead’s service. Homestead, together with Geocities (acquired by Yahoo) and Tripod… Read More »
AOL announced that it has acquired Yedda, Inc., a semantic social search Questions and Answer service. Yedda will operate as a wholly owned subsidiary of AOL. Yedda was founded in 2006. Yedda employs approximately 20 people and will continue to operate in the U.S. and throughout Europe. Yedda’s R&D center will continue to be based in Israel. Financial… Read More »
SheKnows.com, a fast growing online destinations for women, announced the acquisition of Soaps.com, the second largest soap opera entertainment property on the web. Soaps.com delivers nearly 600,000 unique visitors per month with over 15 million page views. SheKnows delivers over 5.5 million unique visitors every month with nearly 60 million page views and targets women 25-54 with a… Read More »
CraveOnline.com, a lifestyle destination for men featuring video, movies, TV, music, sports, and more with nearly 8.3 million unique visitors per month, announced that it has acquired WrestleZone.com, a source for professional wrestling news and information. Terms of the deal were not disclosed.
A 10-Q filing reveals that earlier this summer, Lionsgate, the major independent film and TV studio paid approximately $21.4 million for 42% of Break.com – an online video site. Lionsgate has an option to purchase the remaining 58% for $58 million in cash or common stock, at the company’s option.
AOL has acquired Israeli start-up Yedda, a social search questions-and-answers service with proprietary semantic matching technology which was launched in 2006 . No financial terms were disclosed.
