Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO
socalTECH
AUGUST 11, 2014
Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M
Let's personalize your content