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Think Partnership will acquire the blog search engine IceRocket from billionaire NBA owner Mark Cuban.
Cuban and IceRocket CEO Blake Rhodes co-own the blog search site, and have announced a letter of intent from Think Partnership (THK), a Northbrook, IL-based technology solutions provider, to acquire IceRocket. Financial terms were not disclosed.
\”I am thrilled that IceRocket is uniting with Think Partnership, enabling us to connect the huge and growing blogging community to the business opportunities and network provided by Think Partnership, especially Litmus Media\’s Valid Click network and PrimaryAds\’ affiliate marketing network,\” Rhodes said in a statement.
Also, Rhodes will remain on as CEO after the deal closes. Various tasks, including due diligence and negotiations with Wachovia Bank (WB) over its loan agreement with Think, remain pending.
\”Both of our companies are focused on providing the highest integrity services to our users and building core enabling technology that can eliminate click fraud and \”splogging\” on our networks in real time.\” Cuban said in the announcement.
Think\’s president, Scott Mitchell, likewise extolled the anti-splogging capabilities developed by IceRocket. Splogging, or spam blogging, refers to blogs created solely as holders of keywords and advertisements. They exist solely to collect advertising \”clicks\” and benefit the splog owner without providing any actual value to readers.
With Think\’s technologies, IceRocket could become a revenue generator for blogs. Efforts by privately held BlogAds and Federated Media provide advertising for blog publishers; the Think services referenced by Rhodes could enable IceRocket to build a similar position.
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Tag: IceRocket
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November 16th, 2011 | Posted in Finance,Financial News | Read More »
The web analytics company submitted form S-1 to the Securities and Exchange Commission in early April announcing their intent to go public.
Omniture could raise $120 million from the IPO, according to documents they have submitted to the SEC. The number of shares and price range has not been determined.
Morgan Stanley & Co. Inc (MS) will act as the sole book-running manager for the offering and Credit Suisse Securities (USA) LLC (MS) will act as co-lead manager. In addition, Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. will act as co-managers of the offering, Omniture said.
The company will not be able to comment specifically on the proposed IPO until the SEC approves its prospectus.
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Tag: Omniture
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November 16th, 2011 | Posted in Finance,Financial News | Read More »
The engineering software and services company thinks it may be time to shut down its listing on Nasdaq and find a buyer or partner for the firm.
Trading at 32 cents at press time, netGuru (NGRU said in a statement it has a cash position of about $3.3 million. Only $800,000 of that is available as working capital and accessible as cash.
“$1.1 million remains restricted in connection with the sale of the REI division in November 2005, and another $1.4 million is reserved for operational commitments,” netGuru said.
Rather than face the Nasdaq’s mandatory delisting should its share price remain under $1.00, the company may go ahead and voluntarily delist. That would also end its SEC reporting obligations.
Before that happens, netGuru would like to find a partner or buyer for the company. “Discussions with a number of public and private entities continue to be held involving potential asset purchases, common stock purchases, and reverse mergers, but, to date, interest has been at levels substantially below valuation indicated by recent stock price,” netGuru said.
But the company noted its cash burn rate may force it to delist if it cannot come to terms with a buyer or partner in the next few months.
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Tag: netGuru
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November 16th, 2011 | Posted in Finance,Financial News | Read More »
Security software vendor Symantec trimmed back its revenues forecast for fiscal 2007 yesterday after changing its revenue-recognition model.Wednesday’s meeting with analysts was the first in over two years, says the Street.com.
Instead of the origina…
November 16th, 2011 | Posted in Finance,Financial News | Read More »
The German coalition government has agreed to sell up to 49 percent of state-owned rail and logistics giant Deutsche Bahn.Deutsche Bahn is the parent company of Schenker and BAX Global. The sale comes after agreeing not to include any of the track in …
November 16th, 2011 | Posted in Finance,Financial News | Read More »
China’s largest search engine, Baidu.com, has reported huge earnings growth for Q4 (fivefold) and doubled online marketing revenue.
The company also plans to spend $15 million this year, as it expands into Japan.
In love with Baidu? There’s lots more…
November 16th, 2011 | Posted in Finance,Financial News | Read More »
A few weeks before the recent announcement that Google is buying DoubleClick……DoubleClick announced it’ll be developing a “NASDAQ-like exchange” for the buying and selling of online advertising.
Proof positive that the online ad space continues to…
November 16th, 2011 | Posted in Finance,Financial News | Read More »
Getting any kind of value on a startup is difficult to begin with, but the CEO of eSnips, Yael Elish had a great idea, and created an incredible graphic to give it a start, based on those companies that have already been bought and their alexa traffic….
November 16th, 2011 | Posted in Finance,Financial News | Read More »
The Sun Times is running an interesting article detailing the differences between Web 1.0 entrepreneurs and Web 2.0 entrepreneurs……and soundly state “We have learned from the past, we won’t be making that mistake again” with fingers crossed behind …
November 16th, 2011 | Posted in Finance,Financial News | Read More »
Google appears to be setting up a kind of widget incubator program – like a Y Combinator/Startup Camp for widgets… …- according to a post over at Read/WriteWeb tonight.
Marissa Mayer apparently announced the windfall er, program at the Searchonom…
November 16th, 2011 | Posted in Finance,Financial News | Read More »
