Business.com sold for a whopping 350 million bucks

Jul. 26th, 2007 by Shaun

Originally the domain name was purchased for 7.5 milllion. RH Donnelley purchased the domain name for a reported $350 million. There was a bid war between RH Donnelley, Dow Jones, and The New York Times but RH Donnelly in the end won and got what they wanted.

RH Donnelley is an online local commercial search company. Seeing that Business.com is a business search directory this will be a nice addition to RH Donnelley’s empire. Business.com has been reported to have an earnings before interest, taxes, depreciation, and amortization (EBITDA) of an estimated $15 million per year. Finally it sold for 23 times the EBITDA for the grand total of $350 million.

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This entry was posted on Thursday, July 26th, 2007 at 12:10 pm and is filed under The Net. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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1 Comment »

Comment by Gregg Hawkins

July 26th, 2007 at 5:32 pm

That’s just crazy! It’s great that he won the bidding war over DOW and the NYT…Great business move though :D

I wish I knew about domaining back in the day so I could snag up all of the good domains haha

-Gregg

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