I always like reading about web companies selling for millions. It serves as inspiration for all us web entrepreneurs building our own empires.
SAN FRANCISCO (MarketWatch) — Expanding into the U.S. market, Rakuten Inc., a Japanese Internet portal operator, said Monday it is buying LinkShare Corp., a privately held U.S. Internet marketing firm, for $425 million.
LinkShare’s performance-based marketing expertise across affiliate, search and e-mail capabilities provides Rakuten with an excellent first step to launch our U.S. operations and continue our international expansion,” Hiroshi Mikitani, Rakuten’s chairman and chief executive, said in a statement. “We can leverage LinkShare’s client relationships and technology advantages worldwide, so that LinkShare will be able to achieve significant growth in the future.
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Podcast Alley Bought Out; Team Moves to Podshow
PodShow, a leading podcasting network, has announced that it has acquired Podcast Alley, a leading podcasting site. As part of the acquisition, the Podcast Alley team has relocated from Nashville to San Francisco, where PodShow has established corporate headquarters.
“I built the beta Podcast Alley site while my wife drove us from Chicago to Nashville”, said Podcast Alley founder, Chris McIntyre. “The first version of the site was actually up-loaded in a Starbucks. And, after just a few days, this outspoken community of podcasters found Podcast Alley and began to occupy my every waking hour. Since joining PodShow, I’m totally amazed at how far we’ve come, and I’m really looking forward to where we are going.”
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