Active Network acquires online campsite booker ReserveAmerica
The Active Network, a network of sites targeting athletic and active-lifestyle users, announced today that it’s buying ReserveAmerica, an online service for booking campground space across the U.S., for an undisclosed amount.
It was formerly a subsidiary of IAC, a conglomerate of interactive web-based businesses (including CollegeHumor, Vimeo and eVite), which agreed to hand over 100 percent of its stock in Reserve America Holdings in exchange for 3.5 million shares of convertible preferred stock in Active…. Continue Reading
Sports site The Active Network raises $80 million, for more acquisitions
The Active Network, a company that offers sports community sites like Active.com, has raised an $80 million fifth round of funding, led by existing investor and strategic partner ESPN, with additional funding from venture firms.
The San Diego-based company offers a range of events, marketing and online community services based around participatory sports. It was founded in 1998 and tried to IPO in 2004 before pulling back. It currently makes most of its $102 million in… Continue Reading