Wednesday, April 29, 2009
Internet Brands Buys Two Websites, Targets Money and Finance
Los Angeles-based Internet Brands is expanding its network of vertically focused web sites, saying Wednesday that the firm has acquired two new websites in the money and finance area, and has officially targeted "Money and Business" as one of the firm's key vertical markets. Internet Brands said it has acquired Finweb.com, a site focused on personal finance, and SmallBusinessNotes.com, which provides advice to small business owners. Financial terms of those buys were not disclosed. According to Internet Brands, the verticals also include four websites the company already owns: Mortgage101.com, Loan.com, CreditorWeb.com, and BrokerOutpost.com. The new money and business sites are on top of the firm's existing verticals, focused around autos, careers, home, shopping, and travel.