iVillage to Acquire Promotions.com in $13.3M Deal

Share this content:
IVillage Inc., which runs the iVillage.com women's media network, said Feb. 12 it will acquire online marketer Promotions.com in a cash and stock deal worth about $13.3 million.


Promotions.com shareholders will receive a combination of iVillage common shares and cash. IVillage will issue about $3.5 million in common stock and pay about $9.8 million in cash. Since Promotions.com has about $10 million in the bank, the net outlay for iVillage is the $3.5 million, or about 1.5 million shares, of common stock.


The deal is expected to close in the first quarter.


Promotions.com, based in New York, develops online promotions for marketers and helps them integrate the promotions with their offline activities. The company also operates Webstakes.com, an online sweepstakes site. Clients include AOL Time Warner, Citibank, Kraft Foods Inc. and NBC.


"Promotions.com will continue to provide its services to its promotion and advertising clients as a distinct brand under the iVillage umbrella," said Steven Krein, the chairman/CEO of Promotions.com.


IVillage said the acquisition of Promotions.com will enable it to extend its marketing services offered to its advertisers. It also acquires Promotions.com's iDialog survey technology, which targets questions to audience members during the sweepstakes registration process.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above