Thursday, June 21, 2012
Savings.com Deal Worth $100M+
The acquisition of Los Angeles-based Savings.com is apparently worth over $100M, plus an unspecified additional amount based on future performance of the firm, according to new numbers provided to the press by acquiring firm Cox Target Media. The acquisition price is a healthy return for the investors in Loren Bendele's company, which include U.S. Venture Partners and Rustic Canyon Venture Partners, which invested around a total of $12M in Savings.com. Savings.com is a provider of online coupons and deal information. The acquisition price was uncovered by the Atlanta Journal Constitution, quoting Cox Target Media's President, Michael Vivio. Cox is the owner of the Valpak coupon business.