Poker supplies web site Poker Stars Direct http://www.pokerstarsdirect.com was acquired by Brian Garvin and Jeff West. Terms of the acquisition were not disclosed.
Archive for the ‘Acquisitions’ Category
Monday, March 24th, 2008
Friday, March 14th, 2008
AOL has announced that it is acquiring social network Bebo for $850 million in cash. Bebo has about 40 million members. Bebo is especially popular in the UK, Ireland and New Zealand and has over 100 staff across its London, San Francisco and Austin offices. In January 2008, Bebo had 22.4 million unique visitors worldwide with visitors averaging more than 3 hours and 30 minutes on the site during the month. 4.8 million unique U.S. visitors came to Bebo in February 2008. Bebo’s revenues for 2006 were $7 million with $3 million in EBITDA. In 2007 revenues were $20 million with $5 million in EBITDA.
Saturday, March 8th, 2008
It was reported that Gazprom Media, which is part of Russia’s gas giant Gazprom, has purchased a majority stake in Russia’s youTube equivalent RuTube, valuing the video upload site at about $15 million. Russian analysts think the site, which claims 5.5 million visitors a month was overvalued.
Tuesday, February 26th, 2008
Media General announced that it has signed an agreement with NARAE Enterprises, Inc. to acquire DealTaker.com, an online social shopping portal that offers consumers an array of bargain hunting, posting and comparison opportunities. The transaction is expected to be completed in the second quarter of 2008. DealTaker.com was founded in 2004 and has more than 100,000 registered members as well as relationships with 1,500 affiliated retail businesses. The Web site provides coupons, rebates and bargains, many of them exclusive to DealTaker.com. It currently has more than 400,000 unique visitors per month.
Terms were not disclosed.
Tuesday, February 26th, 2008
CraveOnline.com, a lifestyle destination for men, has acquired dominant gaming site, GameRevolution.com which was started in 1996, continuing to support CraveOnline’s position in the highly competitive online male youth market. The acquisition will also expand AtomicOnline’s family of niche properties that allow users to dive deep into specialized content.
As one of the fastest growing destinations on the web with sites like ComingSoon.net, Sherdog.com, ActionTrip.com, Superherohype.com and SpikedHumor.com. CraveOnline attracts nearly 26 million unique visitors per month.
Friday, February 22nd, 2008
Internet Brands, which did an IPO in November of 2007, acquired nine new websites. Eight are online auto enthusiast communities and one is a community site for dog lovers. The sites include the following auto related site: 6SpeedOnline.com, Rennlist.com, G35Driver.com, MyG37.com, My350z.com, ZDriver.com, NorthAmericanMotoring.com andScoobyNet.com.
Internet Brands also acquired PuppyDogWeb.com. The site is one of the largest content providers for dog lovers and includes listings from thousands of private dog breeders across the United States.
The newly acquired sites contributed to increasing the company’s monthly unique visitors to 29.1 million and monthly page views to 435 million in January 2008. This compares to 26.8 million unique visitors and 343 million page views in December of 2007.
