Seeking Alpha

ValueClick selling website unit to IAC

  • ValueClick (VCLK) is selling its Owned & Operated Websites business, which includes properties such as Investopedia and U.K. price-comparison site PriceRunner, to InterActiveCorp (IACI) for an undisclosed sum. The deal is expected to close in January. (PR)
  • ValueClick announced last month (in tandem with disappointing Q3 results) it plans to sell its O&O unit, and focus on its online ad network/tech ops. O&O had Q3 revenue of $28.9M, and operating income of $4.5M.
  • IAC plans to add the business to its Search & Applications unit, which includes Ask.com, About.com, and Dictionary.com. The acquisition stands to provide Barry Diller's Web empire with a little more advertising scale.
  • With its numbers boosted by the About.com purchase, Search & Applications had Q3 revenue of $407.3M (54% of IAC's total revenue), and op. income of $87.8M (72% of the company total).
Comments (1)
  • FernandoArdenghi
    , contributor
    Comments (54) | Send Message
     
    It seems the IAC can not innovate in nothing!
    They need to acquire to show some kind of progress, but let's wait and see if those new sites are profitable or not.
    9 Dec 2013, 06:35 PM Reply Like
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