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Guess you can't cry about IB anymore ...

wiley

By wiley
in Boating and Fishing Discussion

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wiley Enthusiast

wiley

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El Segundo, Calif. - Internet Brands, a network of over 100 websites across verticals including cars, jobs, health, travel and shopping, has been acquired by private equity firm Hellman and Friedman in a deal valued at $640 million.

The firm will pay $13.35 per share, a premium of 46.5% over Internet Brands' most recent stock closing price.

The company saw revenues of $99.8 million in 2009. PaidContent notes that Hellman and Friedman also owns Getty Images, as well as a stake in the Nielsen Company.

By my own estimation I would imagine they came out about $500 million ahead - I could be wrong.

Think it was difficult contacting someone before .... :1121_wink:

:rb-rules:

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boatmanalso Newbie

boatmanalso

Posted
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El Segundo, Calif. - Internet Brands, a network of over 100 websites across verticals including cars, jobs, health, travel and shopping, has been acquired by private equity firm Hellman and Friedman in a deal valued at $640 million.

The firm will pay $13.35 per share, a premium of 46.5% over Internet Brands' most recent stock closing price.

The company saw revenues of $99.8 million in 2009. PaidContent notes that Hellman and Friedman also owns Getty Images, as well as a stake in the Nielsen Company.

By my own estimation I would imagine they came out about $500 million ahead - I could be wrong.

Think it was difficult contacting someone before .... :1121_wink:

:rb-rules:

Hope you had some options @ $8

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Chisox Newbie

Chisox

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Posted

The option wasn't there til long after
The way these days been going, a bird in the hand is worth 2 in the bush anyday. :605_thumbs_up:

Has someone been watching that Geico commercial? Between them and Progressive, it is a race to the bottom of the advertising dung heap...

Well, being a denizen of THT, I shall keep all informed of any NOTED changes...

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