Providence Capital Partners has acquired 66% of comparison shopping engine for about $863 million, pegging the value of the company at $1.2 billion, reports the Wall Street Journal, though it doesn’t have any official confirmation so to speak. We had first reported on the pending deal last week and said that the deal was valued between $1-and-$1.2 billion. Apparently, it was the whole company (Nextag) that was valued at $1.2 billion. Bah!
Nextag deal is done for $863 million
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7 comments so far
5:48 AM PT
I never considered Nextag much more than spam. Cripes.
3:03 PM PT
$1.2 billion worth of Spam. How about that ;-)
2:36 AM PT
1.2 Billion ? ?its a bit too much but still good for Nextag
3:53 AM PT
Nextag deal somewhat historic in the sense that , after Sabeer Bhati, Nextag is another big ticket company which was co-founded by an Indian. Though Ram shriram has been board of Google, but nother indian has ben in forefront of web like Sabeer Bhatia in 2000 and now Purnendu Ojha in 2007.
(link)
11:57 AM PT
I bet that piece of S didn’t do $50 mil in revenue
1:39 PM PT
mark, you are so so wrong. You obviously don’t know the space.
9:31 AM PT
DOes anybody know who the cfo of thid company is?
I am a recruiter and theyu are looing for an assistant controller…
thanks…