Multi-million dollar buyouts of internet businesses
From Paidcontent.org — Daily Mail offers $83 million to buy the company that owns Primelocation.com. The market for online real estate sits has been on fire lately. I suspect that print publisher’s concerns over the drop off in classified advertising is playing a big motivating factor here.
From Paidcontent.org, economy.com has been bought out byMoody’s for $27 million.
About Andrew I am an entrepreneur and investor in web based businesses with a focus on domain names, advertising, and database marketing. Web Publishing Blog was created for networking and sharing my ideas. This blog is ad free as my companies provide me a more than adequate income. Commoditized human knowledge labor combined with dirt cheap processing power and bandwidth are leading to a "paradigm shift" or perhaps a "singularity." This blog provides me a platform to communicate my ideas completely. |
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