CollegeHumor.com Sells Out - for at least $20 Million
IAC has acquired a 51% stake in CollegeHumor's parent company, Connected Ventures, LLC, and full voting control of the company. The Post guesstimated the deal to hover around $20 million, but we've been told that the price tag was quite a bit higher. Never underestimate the financial viability of photographing pyramids constructed from beer cans.
The acquisition of the comedy site, which IAC said in a press release draws more than 6 million unique visitors a month, comes as established media giants have scrambled to buy Web-based properties...
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