Jupitermedia Buys Mediabistro.com

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Jupitermedia, a provider of research and digital media content, is buying media community site mediabistro.com. 

According to the company, it is acquiring all the shares of mediabistro.com for $20.0 million in cash and a two year earn-out for up to that could result in an additional $3.0 million in cash.

Jupitermedia financed the transaction with from a $115 million senior credit facility arranged by KeyBanc.