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Who realized that Ask.com was successful enough to buy someone else for $300M? Wow.
by sabat 14y ago
Who realized that Ask.com was successful enough to buy someone else for $300M? Wow.
- tg3 14y agoAccording to their most recent 10Q [1], IAC's "Search and Applications" segment (which I'm guessing is mostly Ask.com) had $74M in Operating Income on $350M in Revenue for April - June, 2012. [1] http://www.sec.gov/cgi-bin/viewer?action=view&cik=891103&accession_number=0001047469-12-007663&xbrl_type=v# http://www.sec.gov/cgi-bin/viewer?action=view&cik=891103...
- freehunter 14y agoI actually thought the other way around, I figured About.com was worth more than 1/3 of an Instagram.
- Achshar 14y agoInstagram was paid in cash and stock whose value is now lower that what it was at the time of sale. This deal however is cash. So the comparison is not very simple.
- sp332 14y agoAt the time it was worth $1B total, regardless of how it has depreciated since. Anyway it's still more than 2x what About.com went for.
- arunoda 14y agoMe too. I haven't heard about anything about Ask.com recently.
- temuze 14y agoRight? These are the same guys who had an XSS vulnerability in their freaking search bar a year ago! http://news.ycombinator.com/item?id=2930363 http://news.ycombinator.com/item?id=2930363
- maayank 14y agoIt's IAC, owners of ask.com, match.com, okcupid.com, Vimeo. Who knows how they structured this deal.