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
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Google (GOOG) is probably the only web search engine giant that pushes green projects right now. Google is investing $125 million into BrightSource Energy. Although Yahoo does have Yahoo Green, I don’t see them taking real action like this.
Today we are pleased to announce our participation in BrightSource Energy’s $115 million venture financing with a $10 million equity investment as part of Google’s RE<C initiative.
Solar thermal energy generation is one of the key emerging industries addressing the changing global climate and we are excited about both of our current investments in solar thermal technology — BrightSource Energy and eSolar.
[via keetsa google]
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