M&A Deal Summary

LoopNet Acquires BizBuySell

On October 14, 2004, LoopNet acquired internet software and services company BizBuySell for 4M USD

Acquisition Highlights
  • This is LoopNet’s 1st transaction in the Internet Software and Services sector.
  • This is LoopNet’s 2nd largest (disclosed) transaction.
  • This is LoopNet’s 1st transaction in the United States.
  • This is LoopNet’s 1st transaction in California.

M&A Deal Summary

Date 2004-10-14
Target BizBuySell
Sector Internet Software and Services
Buyer(s) LoopNet
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

BizBuySell

San Francisco, California, United States
BizBuySell, Inc. is an online exchange for businesses for sale in North America.

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Buyer(S) 1

Buyer

LoopNet

San Francisco, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

LoopNet is an online marketplace for commercial real estate in the U.S. The Company enables brokers to list properties for sale or for lease and submit detailed information on listings including marketing descriptions, photos, key property statistics and financial and tenant information, in order to find a buyer or tenant. Commercial real estate agents, buyers and tenants use LoopNet to search for listings that meet their criteria.


DEAL STATS #
Overall 1 of 7
Sector: Internet Software and Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 7
State: California M&A 1 of 4
Country: United States M&A 1 of 7
Year: 2004 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-02 Cityfeet.com

New York, New York, United States

Cityfeet operates the online distribution network for commercial property listings and the second largest online marketplace for commercial property listings at Cityfeet.com.

Buy -