Business.com sells for US$345 Million

Sunday, July 29. 2007

This past week, the search engine website Business.com was purchased by the R.H. Donnelley Corp., a publisher of Yellow Pages phone directories for $345 million. Business.com was sold in an auction format with such bidders as IAC, New York Times, Dow Jones, and News Corp.
The domain name business.com was originally purchased in a widely publicized sale from Marc Ostrofsky by Jake Winebaum and Sky Dayton for US$7.5 million in 1999.

According to the L.A. Times article:

Business.com has 100 employees and will have revenue of $50 million this year, R.H. Donnelley said. The search engine serves more than 6,000 business-to-business advertisers.

Source [L.A. Times]

Posted by Ian McAlister at 05:38 | Comments (0) | Trackbacks (0)

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