Originally Posted by
Kagehitokiri
IB already did this by acquiring FTG
i had missed that IB changed owners last year
Fortune -
Link
KKR to buy Internet Brands for reported $1.1 billion
by John Kell @johnnerkell JUNE 3, 2014, 10:45 AM EDT
...Under the terms of the deal, worth $1.1 billion according to The New York Times, KKR will buy Internet Brands from private-equity firms Hellman & Friedman and JMI Equity.
...California-based Internet Brands, which has about 1,600 employees, generally focuses on four key markets: autos, health, legal, and home and travel. Internet Brands debuted on the public market in 2007 but was acquired for $640 million in cash in 2010.
This ain't Internet Podunk no more.
Of course, we Moderators received a considerable raise (my psychic paycheck has truly grown - but that's more about the members and my mod colleagues
).