DailyCandy.com, a site for style and beauty, has been sold to Comcast for a whopping $125 Million.

Comcast apparently beat out Viacom with its willingness to pay $5 million more than Viacom’s offer of $120 million. Bob Pittman of Pilot Group Ventures, the holding company of DailyCandy, says the service was expected to hit $25 million in revenue this year with an EBITDA of over $10 million.

DailyCandy is understood to have been on the block for years, with speculation from just last month that it would sell for $75 million.

via techcrunch

Tags: 10 million, 5 million, bob pittman, comcast, dailycandy, ebitda, holding company, pilot group, speculation, viacom, willingness

This entry was posted on Tuesday, August 5th, 2008 at 5:37 pm and is filed under Acquisition.
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