Thread: Whats happened to TAZ
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Old 07-14-2014, 09:09 PM
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Max Taxable Max Taxable is offline
 
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Did this sale actually go through? Godaddy now owns IB and vB?

http://www.reuters.com/article/2014/...0EE12V20140603

Quote:
(Reuters) - Private equity firm KKR & Co LP said it would buy Internet Brands Inc, which operates CarsDirect and other websites, from private equity firms Hellman & Friedman and JMI Equity.

A source familiar with the matter said the deal was worth about $1.1 billion.

KKR, which owns the popular internet domain registration firm GoDaddy.com LLC, is looking to expand Internet Brands' services while focusing on business categories such as automobiles, health, legal, and home and travel.

Internet Brands, which was taken private for $640 million in 2010, also operates websites such as Lawyers.com and ApartmentRatings.com. The company also provides automobile-related software and services to Toyota Motor Corp, Ford Motor Co and Chrysler Group LLC [CHRY.UL].
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