You might recall how Answers.com tried to buy Dictionary.com etc. (all part of Lexico).
Well, that deal went nowhere, but Ask.com did buy Lexico for $100M. continue reading...
I don’t know of too many publicly-traded companies who raise money from VCs, but here’s one: Answers.com. I owned the stock but it was in the toilet for a while so I got out, at a loss.
Incidentally, Redpoint - whose claim to fame is funding Intermix (MySpace) and Right Media - backed Intermix when it too was publicly traded. This is actually something I always refer to: not to take anything away from them, but MySpace was far from the accidental success story. For one, it could leverage eUniverse’s burgeoning traffic. Second, it had a lot of funding… and most importantly, Friendster began to trip up on itself and its board’s ineptitude, largesse and prematurely grandiose vision at a time it should have focused on the product’s nuts and bolts. continue reading...
The following is a perpetual-work-in-progress. Once you start to compile a list of mergers and acquisitions, you realize why it’s nearly impossible to have a complete list. We are quite confident that the following is a very good, comprehensive list of the largest, more notable deals… but it is not - and no list will be - fully complete because there are too many countries around the world and too many industries to report (it is highly possible that the Wall Street Journal or Financial Post, for example, has such a list… but it would be thick and unwieldy).
We have included: continue reading...
Editor’s note: I knew we were speaking too soon. One more deal to add to the list: Time Warner to buy Quigo. Added to the bottom of the list, under ad networks.
According to The Jordan Edmiston Group Inc.’s October 2007 Client Briefing report, the number of deals through the first three quarters of 2007 exceeded full year 2006 figures: 637 transactions with $95B in value thus far. Do the math and that is $150M per deal, quite rich. continue reading...
The $100M price tag that Answers.com paid for Lexico - owner of Dictionary.com and Thesarus.com - translates to:
- 35 times earnings
- 15 times revenues
- $9 per unique continue reading...
Answers.com, a company with a market cap of $100M and an enterprise value of $93M, today bought Lexico, the parent of Dictionary.com for $100M.
Where did Answers.com get this cash? I’ll investigate, but fow now, is this an oddball move or does it make sense? continue reading...
Not long ago - May 20th 2007 to be precise - I enumerated a bunch of stocks that were in play, some of them have now risen in value, a few quite a bit.
Of note, amongst those I own: continue reading...
The search industry has been putting too much of a premium on paid results at the detriment of organic results.
Well, not so fast. The quintet of mass search - Google, Yahoo!, MSN, Ask.com and AOL - have focused on both organic and paid, but the laggards have not, and the market caps - and market shares - of these is a reflection. This quintet also battles for mass search supremacy, leaving a great opening for niche players. continue reading...
I guess it’s time to roll out the stock market cliches.
Back in 2000, I used to work at Mamma.com, the so-called “Mother of All Search Engines.” I worked there before the search engine industry took off, before the stock price tripled in price in one day, before Mark Cuban bought and sold his shares in the company. continue reading...
