Wednesday, August 4, 2010
ValueClick Buys Investopedia
Westlake Village-based ValueClick announced this morning that it has acquired Investopedia.com, an online site focused on financial information and education. The deal was worth $42M in cash. Investopedia was previously owned by Forbes, Inc. According to ValueClick, it expects Investopedia to generate approximately $10M in revenue and $5M in adjusted EBITDA. Investopedia provides information to consumers on financial terms, education, investing, and more. ValueClick said that Investopedia had 2.2 million unique U.S. visitors per month. The firm will operate as a wholly owned subsidiary of ValueClick.