Archive for the ‘Acquisitions’ Category

 

Tuesday, November 27th, 2007

GuildCafe Entertainment Inc., the developer of the GuildCafe.com social gaming platform, announced that it has completed the acquisition of Uberguilds, uberguilds.org, a network of high-profile gaming communities. The two sites were previously working together.

GuildCafe, which this summer raised a first round from IDG Ventures, offers tools for players to share strategies, organize guilds and find other players, along with other game-related social functions.

Terms of the deal were undisclosed.

Tuesday, November 27th, 2007

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 (bought by Lycos) was one of the early providers of tools to help individuals and companies easily get online. Apparently 19 times is a charm since according to Homestead CEO Justin Kitch’s blog, this was the 19th acquisition offer they have received over the years.

This transaction will enable Intuit to offer Web site creation and e-commerce solutions which will help small businesses serve and acquire customers through the Internet, which are increasingly important factors for success and expansion. The acquisition is part of Intuit’s effort to diversify beyond its popular Quicken and TurboTax programs.

The transaction is expected to close during the first calendar quarter of 2008.

Wednesday, November 14th, 2007

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 terms of the deal were not disclosed.

Tuesday, November 13th, 2007

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 centralized destination and community built around a broad spectrum of shared interests.

Tuesday, November 13th, 2007

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.

Tuesday, November 13th, 2007

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.

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