Saïd Amin » acquisition http://saidamin.wordpress.com Enjoying The Journey Tue, 27 Jan 2009 18:19:43 +0000 http://wordpress.com/ en hourly 1 http://www.gravatar.com/blavatar/8af6f19d8ad0f2562a961ad7d0831b58?s=96&d=http://s.wordpress.com/i/buttonw-com.png Saïd Amin » acquisition http://saidamin.wordpress.com CommunityConnect RadioOne Deal Details http://saidamin.wordpress.com/2008/04/30/communityconnect-radioone-deal/ http://saidamin.wordpress.com/2008/04/30/communityconnect-radioone-deal/#comments Wed, 30 Apr 2008 23:12:41 +0000 Saïd Amin http://saidamin.wordpress.com/?p=56 ]]>

Here is what I am hearing on this acquisition from someone privy to the details:

BlackPlanet.com
- Revenue: $20 million top line – flat growth
- EBITDA: $1 to 2 million
- Price: Sold for $38 million but there were some other adjustments taking the proceeds north of $40 million

With the recent hefty (understatement) price tag AOL paid for Bebo ($850 million) and given Hi5’s latest valuation, I expected CommunityConnect to be worth much much more than $40-50 million. Then again, their huge overhead (a staff of 100?!), low EBITDA and flat growth probably resulted in a lower valuation. Plus, the only site really worth anything in their portfolio of sites RadioOne is BlackPlanet.com.

]]> http://saidamin.wordpress.com/2008/04/30/communityconnect-radioone-deal/feed/ 0 saidamin Spark Off The Market? http://saidamin.wordpress.com/2008/02/12/spark-off-the-market/ http://saidamin.wordpress.com/2008/02/12/spark-off-the-market/#comments Tue, 12 Feb 2008 18:15:14 +0000 Saïd Amin http://saidamin.wordpress.com/?p=46 ]]>

Spark

I just heard a rumor that the Spark auction has been pulled. Bids were supposedly at a nice premium to the stock price: over 10x LTM EBITDA. This is good news for dating site operators who are considering shopping themselves in the near future.

Assuming that this is true, I wonder why the sudden change of heart?

]]> http://saidamin.wordpress.com/2008/02/12/spark-off-the-market/feed/ 0 saidamin Spark