Shares of Demand Media, Inc (DMD) have hit a 52 week low, dropping over 20% in trading today. As of publication shares of Demand Media, Inc. are trading at $6.21 down $1.96 or 24% off of yesterday's closing price. Yesterday after the market closed, Demand reported that is was spending $75 million in cash and $19 million in stock to acquired Society6, an e-commerce marketplace for artwork and … [Read more...]
Demand Media Acquires Society6 For $95 Million & Lowers Revenue Guidance For 2Q
In two announcements today Demand Media (DMD) acquired Society6, an e-commerce marketplace for artwork and related merchandise for $94 Million dollars. Society6, had 2012 revenue of $15M. The purchase price will be paid $75M in cash and $19M in stock. As of March 30, the company only had $109.4M in cash. Also Demand today lowered its revenue guidance for the second quarter citing "a … [Read more...]
Demand Media Rolls Out Designs.com For New gTLD’s
According to a press release just out, Demand Media(R) (NYSE: DMD), announced the debut of Designs.com, the latest step in the company's efforts to facilitate the launch of upcoming generic Top Level Domains (gTLDs). ""Today's move brings a robust platform to create complementary, high-quality web experiences to leading new TLD registries, which are already working to categorize the Internet … [Read more...]
Demand Media Acquires Arts & Crafts Video Content Provider CreativeBug
According to a Press Release out today, Demand Media® (DMD) announced the acquisition of Creativebug, "the go-to source for high-quality, online video art and craft instruction". Terms of the deal were not released. "Creativebug’s network of exceptional designers and library of educational videos complements the crafts-related content on Demand Media’s eHow web property." "The … [Read more...]
Demand Media Considering A Separate Co. For Registrar, Registry & Aftermarket
Demand Media(DMD) today announced that its board of directors has authorized a plan to explore separating its business into two independent, publicly-traded companies: A pure-play media company with a powerful outsourced content creation platform that organically grows its audience, leading web properties that reach over 100 million monthly unique visitors, and an integrated monetization … [Read more...]
Demand Reports: Content Revenue Up 25%; Registrar Up 10%: Domains Up to 13.7 Million
Demand Media, Inc.(DMD), today reported financial results for the fourth quarter and fiscal year ended December 31, 2012 and combined with Demand's statement that they are considering spiting the company into to different public companies, shares are up over 17% in after hours trading. Q4 2012 Financial Summary: Content & Media revenue ex-TAC grew 25% year-over-year, driven by 24% page … [Read more...]
Breaking: Demand Media Acquires Name.com
Demand Media, Inc. (DMD) , announced the acquisition of Denver-based Name.com an ICANN accredited registrar with almost 1.5 Million domains under registration "The acquisition is intended to expand Demand Media's platform as it prepares for the historic release of new Top Level Domains (TLDs) this year". Demand Media applied for 26 new gTLD's itself, and is a partner with Donuts, Inc. in … [Read more...]