Internet.com Network Sold for $18 Million
Publicly traded WebMediaBrands, Inc. reported the sale of its Internet.com division for $18,000,000 to QuinStreet, Inc, in an all cash deal that is pending approval from the WMB board of directors. The Internet.com Network is comprised of many different brands focusing on developers, IT, Internet news, personal technology and small business.
According to AboutUs.org, QuinStreet is “an online performance marketing company helps businesses target their would-be customer audiences by using its proprietary technologies and media reach to generate sales leads.” Owning the Internet.com brand will enable the company to continue expand its online presence, reaching the estimated 15 million unique visitors who visit the Internet.com Network. Owning the Internet.com brand will be a powerful marketing tool.
WebMediaBrands will continue to operate MediaBistro and the Graphics.com Network, among other brands.