El Segundo, Calif. – Internet Brands, a network of over 100
websites across verticals including cars, jobs, health, travel and shopping,
has been acquired by private equity firm Hellman and Friedman in a deal valued
at $640 million.
The firm will pay $13.35 per share, a premium of 46.5% over
Internet Brands’ most recent stock closing price.
Founded in 1998, El Segundo,
Calif.-based Internet Brands owns websites including ApartmentRentals.com and
The company saw revenues of $99.8 million in 2009. PaidContent notes
that Hellman and Friedman also owns Getty Images, as well as a stake in the