Tuesday, June 3, 2014
Internet Brands Acquisition Worth $1.1 Billion, Says Report
The acquisition this morning of El Segundo-based Internet Brands by KKR is worth a cool $1.1 billion, according to a report from the New York Times. The report cited two un-named, unauthorized sources. KKR and Internet Brands announced the deal this morning without any financials. KKR is buying Internet Brands from current private equity owners Hellman & Friedman and JMI Equity, who paid around $640M for Internet Brands back in 2010.