Bankaholic.com Wordpress Blog Sells for $15m
bANKHOLIC IS A GOOD SITE. lET'S HOPE THE NEW OWNERS DON'T WRECK IT.
Bankaholic.com Wordpress Blog Sells for $15m
by Patrick Altoft on October 2, 2008
BankRate.com has acquired the bankaholic.com blog for $15 million according to recent reports.
Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months.
Bankaholic’s sole employee John Wu will assist in the transition and remain for an unspecified period of time. BankRate, of course, is exposed to some of the nastier aspects of the economy, though it’s held up fairly well and continued to grow.
****
Blogs have huge value, we all just need to wait until the world realises just how valuable they are and then there will be a lot of rich ex-bloggers around.
--MORE--
Am I bid $20 million, do I hear $20 million.?
Bankaholic.com Wordpress Blog Sells for $15m
by Patrick Altoft on October 2, 2008
BankRate.com has acquired the bankaholic.com blog for $15 million according to recent reports.
Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months.
Bankaholic’s sole employee John Wu will assist in the transition and remain for an unspecified period of time. BankRate, of course, is exposed to some of the nastier aspects of the economy, though it’s held up fairly well and continued to grow.
****
Blogs have huge value, we all just need to wait until the world realises just how valuable they are and then there will be a lot of rich ex-bloggers around.
--MORE--
Am I bid $20 million, do I hear $20 million.?