Internet Brands
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Internet Brands (Nasdaq: INET) is a company based in El Segundo, California that operates online media, community, and e-commerce sites. The company was founded in 1998 as CarsDirect.com and, reflecting its growth and diversification, changed its name in 2005. Internet Brands was launched from the incubator Idealab. Recent acquisitions, in reverse chronological order, include the following:
- On October 29, 2007, Internet Brands acquired DVD Talk, a website that provides news, discussion, and reviews of DVD releases. [1]
- On July 20, 2007, Internet Brands filed an S-1, announcing its intention to make an Initial Public Offering worth up to $100 million. [2]
- On July 11, 2007 Internet Brands announced its acquisition of ApartmentRatings.com, based in Austin, Texas. [3]
- On July 4, 2007 Jelsoft Enterprises Limited announced that it was acquired by Internet Brands. Jelsoft will continue to operate business as usual, using Internet Brands resources to further development of commercial web software and the vBulletin product suite.[4]
- In late 2007 Internet Brands purchased Professional Pilots Rumour Network.
- On August 8, 2008 Internet Brands purchased RealPolice.net, one of the largest Law Enforcement Resource with forums on the internet.
Internet Brands has been criticized as having a high turnover rate due to the fact that the company apparently pays very low salaries. [5] The company regularly receives a backlash from the members of community sites that they buy, such as Mustang Forums [6] and AudiWorld [7]
See also
References
- ^ Kleinman.com Sells DVD Talk to Internet Brands (Kleinman.com)
- ^ SEC. "Internet Brands S-1 Filing". Retrieved 2007-07-20.
- ^ Internet, Brands. "Internet Brands Acquires ApartmentRatings.com". Retrieved 2007-07-11.
- ^ Limm, James. "Jelsoft's future: acquisition news". Retrieved 2007-07-04.
- ^ http://ratemybosscafe.com/getcorp.php?orgid=17057
- ^ http://mustangforums.com/forum/showthread.php?p=5349345
- ^ http://forums.audiworld.com/other/msgs/8312890.phtml
External links
- Corporate site - Internet Brands