The New York Times confirms its in talks to sell About.com after nearly seven years.
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Redpoint Ventures’ Menlo Park offices must be an awfully happy place to have been these last 12 months. The VC has racked up billions of dollars’ worth of IPOs, sales to strategic buyers and even launched itself into a handful of new investments as of late. Some of its deals—like eye-popping multiples on Cloud.com, or [...]
Answers.com said Monday that its board has concluded that a proposed $127 million takeover by Summit Partners remains in the best interest of company shareholders. Answers.com said it had received an unsolicited letter from Brad Greenspan, who claims to represent to Social Slingshot Pte Ltd. and eJuggernaut LLC. The letter included a “speculative proposal” to buy a controlling stake in Answers.com for $13.50 a share. Answers.com’s board has rejected the offer and concluded the proposal was not credible.
Answers Corp. (Nasdaq: ANSW) has raised $13 million in a private placement of convertible preferred stock and warrants to Redpoint Ventures. PRESS RELEASE Answers Corporation (NASDAQ:ANSW), creators of the leading answer engine offering Answers.com� and WikiAnswers.com�, today announced it has entered into definitive agreements for the private placement of up to $13 million of [...]