Supposedly an Alexa top 500 (Top 100 in the U.S.) website was being auctioned on Flippa, this auction has been suspended the seller looks to now be banned. The URL was hidden and you needed to sign an NDA to gain access. The bidding originally had a starting price of $1m. A couple days later when I looked there were 4 bids and a high bid of $1,999 so they changed the bidding parameters. The … [Read more...]
Report: Vegas.com Bought LasVegas.com in 2005 For Up To $90 Million Dollars
George Kirikos spotted an SEC document showing that Vegas.com purchased LasVegas.com in 2005, for what could be up to a $90 Million Dollars. "In June 2005 , VEGAS.com, LLC entered into an agreement for the purchase of LasVegas.com on the following terms: The agreement specified that a $12,000,000, one-time payment be made upon execution of the agreement along with monthly payments of … [Read more...]
Blackstone’s B2R Holdings Rebrands As Lending.com
B2R Holdings, a portfolio company of a Blackstone Group (LPBX ) , announced today that B2R rebranded itself as Lending.com and said it hoped to extend $10 billion in loans over the next three years. According to Jason Hogg, the CEO of Lending.com, expects to help facilitate $10 billion in loans in the next three years. Lending.com was founded with funds managed by Blackstone Tactical … [Read more...]
HowStuffWorks.com To Be Sold for 18 % of its 2007 Purchase Price
The Wall Street Journal reported that Discover Communications is selling the popular website, HowStuffWorks.com. They will be taking a loss on the sale as they are only realizing 18% of their 2007 purchase price. From the article: For Discovery Communications Inc., DISCA -0.49% the website HowStuffWorks.com proved to be one investment in digital media that didn't work. Discovery said … [Read more...]
Classified Ventures Seeking $3 Billion for Cars.com
Now that the sale of Apartments.com is completed at $585 million, Classified Ventures is looking for $3 billion for Cars.com. William Launder,Dana Mattioli and Mike Spector wrote an article tonight for the Wall Street Journal. A group of newspaper publishers has put the cars.com online marketplace up for sale for as much as $3 billion, hoping to cash in on booming values for e-commerce sites, … [Read more...]
