JupiterResearch Sold for $10.1 Million

Posted by Marshall on March 29, 2006 | Link It

I just heard Jupiter Research was sold for 10 million dollars; got this from MarketingVox newsletter.

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Jupitermedia today sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, JupiterKagan, subject to post-closing adjustments, Jupitermedia said in a statement. In August 2005, Jupitermedia (which has been focusing on its images business) said it would sell its online news sites, including ClickZ and SearchEngineWatch, and search engine tradeshows - for $43 million in cash.

I’m not really sure this is a good thing or not; don’t know enough about it.  I would think Jupiter Research was worth more than 10 mill.  No wonder some of the analysts such as Eric Peterson left recently; but that’s just conjecture on my part as I don’t really know anything that’s going on behind the scenes.



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