- 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).
ValueClick selling website unit to IAC
Dec 9 2013, 17:08 ET