Posts Tagged ‘acquisition’

 

Thursday, October 30th, 2008

SheKnows.com has acquired BabyHold.com, a parenting and child naming resource. The terms of the deal were not disclosed. BabyHold.com is a community for mothers-to-be and will complement the cache of sites owned by SheKnows.com which include PregnancyAndBaby.com, PregnancyFashion.com and ChefMom.com.

Wednesday, September 24th, 2008

BankRate is acquiring Bankaholic for $12.4 million, with another potential payout of $2.5 million over the next year. Bankrate provides financial information, and is further diversifying its financial product services by acquiring Bankaholic, that provides information on money markets accounts, saving accounts, and deposits.

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.