Media.net, the contextual ad network primarily generating revenue via providing Bing/Yahoo ads, was just sold for $900mm. Miteno Communication Technology, a Chinese tech conglomerate is the buyer. The founder of Media.net, Divyank Turakhia will remain with the company after the sale, which has already closed with a 50% cash down payment with the balance paid…
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Dollar Shave Club sold for $1 Billion!
Totally impressed to see a 4 year old subscription company selling an actual product be acquired for $1 billion! Goes to show you that building your own product or company is well worth the potential value that can be created!
AWE Berlin Meet Ups and Events
Affiliate World Europe Berlin is this weekend, so you should be getting ready to set off for the event. AffiliateFix and Suitcase Marketer are hosting an unofficial kick off party and happy hour at Rivabar Berlin. Thanks to Oliver Kenyon and IAmAtilla for putting this list together! (http://www.oliverkenyon.com/awe-berlin-events-meet-ups/) https://docs.google.com/spreadsheets/d/1JjNJWfFjXgKhZSL9Z3d52zhkZxzQc-pjqsWgrel2hNA/edit#gid=0 List of official and unofficial events…
Lawsuit again Google’s Adwords allowed to continue
Per the LA Times, the US Supreme Court has refused to overturn a lower court’s decision to allow a class-action lawsuit to proceed again the internet giant. Arguing that Google allowed for ‘low-quality websites’ to display ads, the court said that a formula for damages should be used rather than Google’s position that individual damages…