According to a report in Fortune Magazine, Business.com may be back on the market once again.
As you may know, last year Business.com was sold to Donnelly, a publically traded yellow pages company for $345 million in cash. At that time, Donnelly was worth more than $3 billion. Today, the whole company’s market cap is worth less than what it paid for Business.com – $338 million at Thursday’s close of $4.91.
Prior to the sale to Donnelly, Business.com was purchased in 1999 for an record $7.5 million
When business.com was up for sale last year, several groups including Dow Jones and the New York Times to a serious look.
If it hits the market again, it will be interesting to see where it lands up and at what price
…and aren’t the last sellers of Business.com thrilled (and relieved) they took all cash for the business, instead of cash + stock.
A good lesson for us all.