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Los Angeles-based InternetBrands reported its results Thursday, saying that the firm saw record revenues in Q2. According to InternetBrands, it had net income of $4.6M Revenues were up by 21 percent from the prior year, driven by increases in internet advertising revenues. in revenues, up from $2.5M READ MORE>>.
Los Angeles-based InternetBrands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. READ MORE>>.
Scott left the company, which eventually IPO’d and became InternetBrands. Rumored to have turned down acquisition offers from Yahoo and Facebook. A demand side advertising platform which allows advertisers to bid on individual ad impressions in real time, based on the site and who would see it. Foursquare. -A
IdeaLab has created 75 companies, leading to 8 IPOs, 35 or so acquisitions and more than 5 companies worth in excess of $1 billion. Some IdeaLab successes / brand names aside from Overture & CitySearch? Cars Direct / InternetBrands. They would launch quickly and test whether or not there is any demand.
We've been quite active, and have had a bunch of acquisitions lately -- including InternetBrands and MySpace -- a total of over 2 billion in acquisition in Southern California. On Demand enterprise, and consumer software-as-a-service is also very interesting to us. We really believe in the market.
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