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  1. #1
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    Internet Brands has been acquired - Forums PAY $

    In case you guys don't know who internet brands is, they make this software. They also run most of the automotive forums out there. They rule with an iron fist and a profitable fist:

    EL SEGUNDO, CA--(Marketwire - 09/20/10) - Internet Brands, Inc. (NASDAQ:INET - News), a leading Internet media company, today announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Hellman & Friedman Capital Partners VI, L.P. in a transaction valued at approximately $640 million. Under the terms of the agreement, Internet Brands stockholders will receive $13.35 in cash for each outstanding share of common stock they own. This price represents a premium of approximately 46.5% over the closing price on September 17, 2010.
    $640 million... who said forums don't pay?

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    Big news people! Surprised no one even notices.

  3. #3
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    1 out of 1 members liked this post. Reputation: Yes | No
    I like boobies.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

  4. #4
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    Click here to enlarge Originally Posted by DBFIU Click here to enlarge
    I like boobies.
    $640 million buys you the best you can lay your hands on.

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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    $640 million buys you the best you can lay your hands on.
    Thats impressive amount of money, im sure the CEO is some angst ridden 25 year old with minimal software experience laughing in his 9 bedroom mansion at how stupid people are.
    Some people live long, meaningful lives.

    Other people eat shit and die.

    I'm not racist, I hate everybody equally; especially fat people.


    Click here to enlarge

  6. #6
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    Click here to enlarge Originally Posted by DBFIU Click here to enlarge
    Thats impressive amount of money, im sure the CEO is some angst ridden 25 year old with minimal software experience laughing in his 9 bedroom mansion at how stupid people are.
    That should have been us... or me at least.

  7. #7
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    i was going to say yesterday, please give us these stock tips in ADVANCE!!

  8. #8
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    Click here to enlarge Originally Posted by e92 Click here to enlarge
    i was going to say yesterday, please give us these stock tips in ADVANCE!!
    Internet Brands is good stock to have? Sorry... little late.

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    Why am I playing with small potatoes?

    Under the terms of the agreement, stockholders of NASDAQ-listed Internet Brands will receive $13.35 in cash for each outstanding share of common stock they own, a premium of approximately 46.5% over the closing price last Friday.

    Internet Brands owns and operates more than 100 vertical websites, including Autos.com, Gardens.com, Loan.com and DoItYourself.com. In total, Internet Brands claims these sites organically attract approximately 62 million unique visitors per month.

    The company was founded in 1998 by business incubator Idealab.

    When the company last posted its financial results, it reported revenues of $28.1 million in the second quarter of this year and net income of $4.6 million in second quarter.

    Idealab, which beneficially owns approximately 19% of Internet Brands’ outstanding common stock and approximately 64% of the voting power of the company, has entered into a voting agreement with an affiliate of Hellman & Friedman relating to the merger agreement.

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    In due time.

  11. #11
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    Click here to enlarge Originally Posted by DarkPhantom Click here to enlarge
    In due time.
    right. lol

  12. #12
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    Click here to enlarge Originally Posted by shahsk Click here to enlarge
    right. lol
    Gotta start somewhere, or else you just end up commenting on other people's accomplishments.

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    http://www.vbulletin.org/forum/portal.php

    i just found this informative article on this story

  14. #14
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    Click here to enlarge Originally Posted by e92 Click here to enlarge
    http://www.vbulletin.org/forum/portal.php

    i just found this informative article on this story
    Yep, that is exactly what I read Click here to enlarge

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