In two announcements today Demand Media (DMD) acquired Society6, an e-commerce marketplace for artwork and related merchandise for $94 Million dollars. Society6, had 2012 revenue of $15M. The purchase price will be paid $75M in cash and $19M in stock. As of March 30, the company only had $109.4M in cash. Also Demand today lowered its revenue guidance for the second quarter citing "a … [Read more...]
It’s Official, You Could Have Doubled Your Money This Year Buying Marchex
Share of Marchex have been on a tear of late up over 50% in the last month and over 100% in the past year and have hit a new 52 week high today of $6.30 As of publications shares of Marchex are trading at $6.30 up over 6% on the day. A month ago on April 29th, shares were trading at $4.08 a share meaning that shares of Marchex are trading more than 50% higher than just one month ago. The … [Read more...]
Bloomberg Reports Google Facing New FCC Antitrust Probe Over Display Ads
According to Bloomberg.com, Google is facing a new Antitrust Probe Over Display Ads by the U.S. Federal Trade Commission According to the story the FCC is looking into "into whether the company is using its leadership in the online display-advertising market to illegally curb competition" The story goes on to say that the investigation is in the preliminary stage and may not expand into a … [Read more...]
Warren Buffet’s Berkshire Hathaway Now Owns Over 5% Of Verisign
Back In February we told you that Warren Buffets's Berkshire Hathaway purchased 3,685,700 shares of Verisign (VRSN) which at the time of acquisition represented an investment of around $165 Million dollars. Today according to Cnbc.com, Berkshire Hathaway added another 4.49 million shares last quarter and now owns 5.35% of VeriSign. ""While the introduction of a new category of "top level … [Read more...]
Tucows Reports: Revenue Increases 9% But Domain Sales Slow To $1.1M
Tucows Inc. (NYSE AMEX:TCX, TSX:TC), reported its financial results for the first quarter ended March 31, 2013 after the market closed today According to reports Tucows missed expectations as to both earnings and revenue. Net revenue for the first quarter of 2013 increased 9% to a record $30.0 million from $27.5 million for the first quarter of 2012. Net income for the first quarter of 2013 … [Read more...]
Google Top $900 For 1st Time & Market Cap Breaks $300 Billion
Shares of Google (GOOG) are currently trading above $900 a share an all time high for the company. It was only 3 months ago that shares of Google hit $800 a share. Its was just a few months earlier when shares of Apple and Google were trading at the same $600 level. Shares at time of publication are trading at $905 up over $18 a share. Google's market cap is now over $300 … [Read more...]
MarketLeader Buyer Of RealEstate.com For $8.25M Gets Buyout From Trulia For $355 Million
Trulia, Inc. (NYSE: TRLA, “Trulia”),announced today that it has entered into a definitive agreement to acquire Market Leader, Inc. (NASDAQ: LEDR, “Market Leader”), for approximately $355 million, or an implied price of $11.33 per share (based on Trulia’s closing share price on Tuesday, May 7, 2013). MarketLeader.com you might remember bought the domain name RealEstate.com back just in 2011 for … [Read more...]