Deals & Acquisitions

Archive for the ‘Deals & Acquisitions’ Category

January 12, 2018

Avvo Decides Not to Go Public, Being Acquired by Internet Brands

Legal directory Avvo, which was founded in 2006 as a kind of “Yelp for lawyers,” has been acquired for an undisclosed amount by Internet Brands, which is itself owned by private equity. The company will now be part of the holding company’s “legal vertical,” which includes Lawyers.com, Martindale-Hubbell and Nolo.com. Avvo raised well over $100 million of…

Contributed by: Greg Sterling

November 3, 2017

UpCurve Buys Closely, which is Powered by ThriveHive, All Owned by GateHouse

As local media and marketing companies seek to offer a full-stack of marketing services to SMBs, mergers, acquisitions and overall consolidation continues around the industry. Earlier this week Web.com announced the acquisition of Acquisio for an undisclosed sum. Yesterday, SMB solution provider UpCurve, powered by ThriveHive which is the digital arm of GateHouse Media, has…

Contributed by: Joe Morsello

August 28, 2017

Whole Foods Is Now Part of Amazon, Should Retailers Freak Out?

According to the Bureau of Labor Statistics, roughly 16 million people in the US work in retail in one capacity or another. As retailers close more stores a growing number of these jobs are at risk. And while the second quarter brought good news to some retailers in the beleaguered sector, the closing of Amazon’s acquisition of Whole Foods should add more…

Contributed by: Greg Sterling

July 21, 2017

Snapchat Goes All In On Local Advertising

Snap Inc., the company behind the popular messaging app Snapchat, has experienced its share of turbulence since going public in March 2017. The company’s journey hit a particularly low point this week when its stock fell below the IPO price of $17 per share. But if Snap’s recent moves are any indication, the company has…

Contributed by: Sean Flavin

July 11, 2017

Snapchat Taps Factual to Power ‘Location Experiences’ in Its App

Last week Snapchat made two big moves in location. It bought location analytics company Placed for between $125 and $200 million. It also licensed Factual’s Global Places database. The Placed acquisition helps Snapchat deliver enhanced audience data and offline attribution metrics to advertisers. The Factual partnership improves the user experience of location tools on the platform….

Contributed by: Joe Morsello

May 8, 2017

HomeAdvisor + Angie’s List’s $500MM Deal and the Local Big Picture

The coming merger between IAC’s HomeAdvisor and Angie’s List may signal a new round of consolidation in the local space. Yelp’s purchases of Nowait and Turnstyle are other recent acquisitions, as sites seek to build services and bulk up to fight Google and Facebook. The IAC-Angie’s List deal also mirrors other trends (verticalization and operational…

Contributed by: Greg Sterling

August 8, 2016

Why Wal-Mart Had to Buy Jet to Compete with Amazon

Undoubtedly you’ve read that Wal-Mart is buying startup (and would-be Amazon killer) Jet.com for a whopping $3 billion. The strategy is simple at the highest level: buy an entity that will make Wal-Mart more competitive with Amazon online. According to various reports, e-commerce represents less than 3% of Wal-Mart’s roughly $480 billion in revenue. Wal-Mart…

Contributed by: Greg Sterling

July 25, 2016

Verizon Buying Yahoo for $4.8 Billion, Will It Become a Player in Local?

Verizon is buying Yahoo for $4.83 billion in cash, which follows the telecom company’s $4.4 billion acquisition of AOL in 2015. If one had to point to a single factor behind the sale I would argue it’s the rise of Facebook and Google’s display business — Facebook in particular. Together they all but guaranteed that…

Contributed by: Greg Sterling

June 27, 2016

Gannett Buys ReachLocal for $156M to Boost Digital Marketing Services

Earlier this afternoon it was announced that newspaper publisher Gannett has acquired digital marketing firm ReachLocal for $156 million. It makes sense for Gannett as the company moves more aggressively to grow digital ad revenue: Initially, ReachLocal will expand Gannett’s digital revenue by roughly 50% with its more than 16,000 customers in markets throughout North…

Contributed by: Greg Sterling

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