WebMediaBrands Inc. Announces Completion of Sale of Internet.com Assets to QuinStreet, Inc.
November 30 2009 - 2:31PM
Business Wire
WebMediaBrands Inc. (“WebMediaBrands”) (NASDAQ: WEBM) announced
today that it has completed the previously announced sale of the
assets of the Internet.com business to QuinStreet, Inc.
(“QuinStreet”) for $18 million, subject to certain post-closing
adjustments.
The sale of the assets of the Internet.com business to
QuinStreet was approved by WebMediaBrands’s stockholders during a
special meeting held on November 30, 2009.
About WebMediaBrands Inc.
WebMediaBrands Inc. (Nasdaq: WEBM, www.webmediabrands.com), is
an Internet media company concentrating on BtoB communities for
media, design and creative professionals offering online content,
job boards, marketplaces, online education offerings and
events.
All current WebMediaBrands Inc. press releases can be found
online at www.webmediabrands.com/corporate/press.html
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