Web Acquisitions Seven Times Costlier in 1999

Share this article:
Acquirers spent seven times more money buying Web sites in 1999 than they spent in 1998, according to an upcoming Web M&A Report from Webmergers.com. Buyers last year bought nearly 450 small and large Web properties for a total $47 billion. By contrast, buyers spent just $6 billion in 1998 to acquire about 140 Web sites. Large deals in 1999 included the $1.1 billion acquisition of MapQuest.com by America Online Inc. and At Home Corp.'s $781 million purchase of Bluemountain.com.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

Stirista

Stirista

Founded in September 2009, Stirista is an integrated marketing agency that specializes in ...