M&A Deal Summary

Conversant Acquires Investopedia.com

On August 4, 2010, Conversant acquired internet software and services company Investopedia.com from Forbes for 42M USD

Acquisition Highlights
  • This is Conversant’s 8th transaction in the Internet Software and Services sector.
  • This is Conversant’s 8th largest (disclosed) transaction.
  • This is Conversant’s 1st transaction in Canada.
  • This is Conversant’s 1st transaction in Alberta.
Investment Fate
  • Investopedia.com was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary
Date 2010-08-04
Target Investopedia.com
Sector Internet Software and Services
Buyer(s) Conversant
Sellers(s) Forbes
Deal Type Divestiture
Deal Value 42M USD

Target

Investopedia.com

Edmonton, Alberta, Canada
Investopedia.com is an online portal for investor education. A comprehensive and frequently visited investor education website, Investopedia.com draws over 2,900,000 monthly users and 20 million monthly pageviews.

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Buyer(S) 1

Buyer

Conversant

Westlake Village, California, United States
Category Company
Founded 1998
Sector Internet Software and Services
Employees1,289
Revenue 573M USD (2013)
DESCRIPTION

Conversant, Inc. is a developer of an "Internet of Things Service Bus" (IoT-SB) which can securely and efficiently connect devices, sensors, and actuators to users, applications and databases for data analysis and process control.

DEAL STATS #
Overall 9 of 12
Sector (Internet Software and Services) 8 of 11
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 MeziMedia

Monrovia, California, United States

MeziMedia, Inc., is a comparative shopping company that operates sites including Smarter.com and online coupon site CouponMountain.com.

Buy $352M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 Greystripe

San Francisco, California, United States

Greystripe is a mobile advertising network in the US. Greystripe delivers targeting for brand marketers and revenue for publishers and app developers. Greystripe’s advertising platform serves billions of rich media impressions to over 30 million users of touch-driven devices through more than 3,500 application titles and mobile websites across all major mobile platforms.

Buy $70M

Seller(S) 1

SELLER

Forbes

New York, New York, United States
Category Company
Founded 1917
Sector Publishing
Revenue 145M USD (2013)
DESCRIPTION

Forbes is the publisher of Forbes, the nation’s leading business magazine, and its international edition, Forbes Asia, which together reach a worldwide audience of over six million readers. The company also publishes ForbesLife and Forbes Woman. Forbes.com, the company’s marquee digital property, is the homepage for the world’s business leaders and the #1 business site on the Web, averaging 20 million unique visitors each month

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-12 Investopedia.com

Edmonton, Alberta, Canada

Investopedia.com is an online portal for investor education. A comprehensive and frequently visited investor education website, Investopedia.com draws over 2,900,000 monthly users and 20 million monthly pageviews.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 Camerama

New York, New York, United States

Camerama is a provider of a photo sharing app.

Buy -
Mergr

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