Business.com sold for $345M, ending seesaw story
Business.com, the site that provides a search engine for businesses to find products and services, has been sold to R.H. Donnelley, the yellow pages and local search firm, for the $345 million.
There was initial interest IAC, New York Times, DJ and News Corp, according to PaidContent.
Business.com of Santa Monica, Calif., does have earnings of $15 million (EBITA) and thus has a real business around it. It gets paid from sending search traffic to businesses. There’s… Continue Reading
IVP raises $600 million fund to invest in late-stage technology companies
Silicon Valley venture capital firm Institutional Venture Partners has raised a $600 million fund to invest in late-stage technology companies, it told VentureBeat yesterday.
IVP latest fund to move to later-stage investments
Institutional Venture Partners is in the process of raising at least $450 million to make later-stage venture capital investments in tech companies, making it the latest firm to find itself lured to invest in more mature companies — an area where many investors have focused lately.
VentureWire reported the news today.
IVP did well in its early years, but its partnership has changed significantly since then.
One of its more recent funds, its $225 million fund, raised… Continue Reading