Cube Holdings buys Slashdot, Freecode and SourceForge for $20 million
Cube Holdings, the unimaginatively named proprietor of know-how jobs website Cube.com has bought Geeknet’s media enterprise for a cool $20 million. The deal arms over management of the world-well-known Slashdot, Freecode and SourceForge to the careers firm, commencing the careers website’s push into tech content material. It leaves Geeknet with one remaining property, ThinkGeek, which can now be getting all of that firm’s consideration — hopefully to supply merchandise that are even extra lust inducing than Cave Johnson’s portrait.
Cube Holdings, Inc. Acquires On-line Media Enterprise from Geeknet, Inc.
Slashdot and SourceForge Considerably Improve Attain into International Know-how Group
NEW YORK and FAIRFAX, Va., Sept. 18, 2012 /PRNewswire/ — Cube Holdings, Inc. (NYSE: DHX), a number one supplier of specialised profession web sites, and Geeknet, Inc. (Nasdaq: GKNT) as we speak introduced that Cube Holdings has acquired Geeknet’s on-line media enterprise, together with Slashdot and SourceForge.
“The acquisition of those premier know-how websites matches squarely into our technique of offering content material and providers which might be essential to tech professionals of their on a regular basis work lives,” stated Scot Melland, Chairman, President & CEO of Cube Holdings, Inc. “The SourceForge and Slashdot communities will allow our clients to succeed in tens of millions of engaged tech professionals regularly and considerably extends our firm’s attain into the worldwide tech group.”
The websites embrace:
Slashdot, a consumer-generated information, evaluation, peer query and professional perception group. Tech professionals average the location which averages greater than 5,300 feedback day by day and three.7 million distinctive guests every month.
SourceForge, a vacation spot for know-how professionals and fanatics to develop, obtain, evaluate and publish open supply software program, a lot of which they use in their very own organizations. Roughly eighty % of its roughly forty million month-to-month distinctive guests are outdoors the U.S.
Freecode, one of many largest indexes of Linux, Unix and cross-platform software program, in addition to cellular purposes generates almost 500,000 distinctive guests every month.
The acquisition builds on Cube.com’s wealthy historical past in offering one of the best content material to assist know-how professionals succeed of their careers and reinforces the corporate’s dedication to ship distinctive and worthwhile info to foster engagement in every of its communities.
Ken Langone, Chairman of Geeknet, added, “We’re very happy to discover a new residence for our media enterprise, offering a platform for the websites and our media groups to thrive. With this transaction accomplished, we’ll now focus our full consideration on rising ThinkGeek.”
Cube Holdings acquired the enterprise for $20 million in money. In 2011, the web media properties generated $20 million in Revenues.
By way of: Slashdot
By way of: Slashdot