Buying & Selling Search Companies

Nov 3, 2005 - 8:58 am 1 by
Filed Under SEM Companies

Old time WebmasterWorld Moderator, Jim Banks's company, Web Diversity LLC was purchased by WebSourced. The press release is here;

CGI Holding Corporation d/b/a Think Partnership Inc. ("THK") (AMEX:THK - News; the Company) today announced that the Company has entered into a letter of intent to acquire privately held Web Diversity LLC, ("Web Diversity") (see, a London-based leader in paid search management and organic search. Web Diversity uses proprietary technology for online advertising campaign management and has extensive worldwide multiple-language campaign experience. The letter of intent contemplates that THK will acquire Web Diversity for an upfront consideration of $1 million in cash and $1 million in common stock of the Company priced at 120% of the closing price per share on the last five trading days prior to the closing, plus certain earnout payments based upon the aggregate pre-tax earnings of Web Diversity during the first twelve full calendar quarters following the closing.

Now, in the past we had Jason Dowdell's company bought by WebSourced, Mike Grehan's company Smart Interactive purchased by WebSourced and many more. Plus we have seen many big names hired by WebSourced, as well as some big names leave WebSourced including Andy Beal, Pat Martin, Jason Dowdell and others. I wish Jim Banks all the best and so do many others at the featured thread at WebmasterWorld forums named WebSourced Acquires WebDiversity.

On a side note, older news at DigitalPoint forums that Jux2 Search Engine For Sale On eBay, it sold for $101,100.00.


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