{"id":46,"date":"2007-11-27T04:51:52","date_gmt":"2007-11-27T08:51:52","guid":{"rendered":"http:\/\/blog.websitebroker.com\/acquisitions\/intuit-inc-acquires-homestead-technologies-homesteadcom"},"modified":"2011-12-11T22:45:13","modified_gmt":"2011-12-12T02:45:13","slug":"intuit-inc-acquires-homestead-technologies-homesteadcom","status":"publish","type":"post","link":"https:\/\/www.websitebroker.com\/articles\/acquisitions\/intuit-inc-acquires-homestead-technologies-homesteadcom","title":{"rendered":"Intuit Inc. acquires Homestead Technologies (Homestead.com)"},"content":{"rendered":"<p>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&#8217;s outstanding options and restricted stock units. Approximately 12 million people have used Homestead&#8217;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<strong>.<\/strong>  Apparently 19 times is a charm since according to Homestead CEO <a href=\"http:\/\/ceounplugged.homestead.com\/2007\/11\/intuit-and-home.html\">Justin Kitch&#8217;s blog<\/a>, this was the 19th acquisition offer they have received over the years.<\/p>\n<p><script language=\"javascript\"> if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[\\\\'Czt4D0LaX.I-\\\\']=\\\\'&U=13bo0iigj%2fN%3dCzt4D0LaX.I-%2fC%3d599843.10846797.12030830.2313487%2fD%3dLREC%2fB%3d4743125\\\\'; <\/script><\/p>\n<p><noscript><\/noscript>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&#8217;s effort to diversify beyond its popular Quicken and TurboTax programs.<\/p>\n<p>The transaction is expected to close during the first calendar quarter        of 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s outstanding options and restricted stock units. Approximately 12 million people have used Homestead&#8217;s service. Homestead, together with Geocities (acquired by Yahoo) and Tripod\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.websitebroker.com\/articles\/acquisitions\/intuit-inc-acquires-homestead-technologies-homesteadcom\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[82,81,80],"_links":{"self":[{"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/posts\/46"}],"collection":[{"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/comments?post=46"}],"version-history":[{"count":1,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/posts\/46\/revisions"}],"predecessor-version":[{"id":654,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/posts\/46\/revisions\/654"}],"wp:attachment":[{"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/media?parent=46"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/categories?post=46"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.websitebroker.com\/articles\/wp-json\/wp\/v2\/tags?post=46"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}