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Tag: sold

Wow! Media.net acquired for $900 million!

Posted on August 24, 2016

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!

Posted on July 20, 2016

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!

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