PxPixel
Jupitermedia Buys Mediabistro.com - Broadcasting & Cable

Jupitermedia Buys Mediabistro.com

Author:
Publish date:

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.

Related