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 Send to email | Another Blog Buyout: Guardian Pays $30 Million-Plus For Paidcontent in General |  By Silicon
el 11-Jul-2008 |
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 Guardian Media Group, best known as the home of the U.K.'s Guardian newspaper, is buying Rafat Ali's ContentNext, the holding company whose best known property is the PaidContent blog. Kara Swisher quotes a source who puts the the price at "north of $30 million," including earnout provisions; Rafat confirms the sale but won't comment on price, etc. Here's Rafat's post and press release.
This is a very nice outcome for Rafat, who started PaidContent in his studio apartment six years ago, and a very nice outcome for Alan Patricof's Greycroft Partners, who is the sole investor in the company; he invested "well under a million" in Rafat in 2006.
Rafat says the Guardian had previously made an offer for ContentNext, but that he decided to pursue a $1 to $2 million fundraising round instead. The Guardian came back with a new offer three weeks ago, he says, and this one was too good to pass up. ContentNext will remain an independent unit of Guardian Media's B2B group, he says, and won't be directly affiliated with the newspaper.
"if it was just a regional business to business company, even if the price was higher, that wouldn't have been of interest to me or anybody else."
See Also: What Ars Technica - Conde Means For Blog Wars
Conde Net Buys Ars Technica For $25 Million
Paidcontent Raising $1-$2 Million Series B, Blog Wars Heating Up
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 | Problogger |  Blogger | Blog tips to help you blogging
ProBlogger Blog Tips Make Money Online |
| 1 Man Blog Sells for $15 Million Dollars | | I’ve had four people email me this news in the last 10 minutes. PaidContent is reporting that a WP blog by the name of Bankaholic has just been acquired by BankRate For Up To $15 Million.
Bankaholic has a staff of 1 (Johns Wu) who will remain on at the blog.
If this price is true it’s [...] [..] Read complete article | | Published 02-Oct-2008 by Darren Rowse in Pro Blogging News
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| GodTube Gets $30 Million |  Let us pray: Christian video sharing site GodTube has landed a $30 million series A from hedge fund GLG Partners at a $150 million valuation, according to our friends at PaidContent. [..] Read complete article | | Published 05-May-2008 by Silicon in General
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| The <cite>Guardian’s</cite> excellent Web 2.0 blog-up | | If we build it, they’ll shrug
Comment Late last month The Guardian quietly put to sleep its exercise in fighting climate change via the power of blogs, Tread Lightly. Nine months of weekly personal CO2 reduction pledges by Guardian readers had shown, Carolyn Fry wrote bravely, “that even relatively small weekly carbon savings can add up [...] [..] Read complete article | | Published 22-Jul-2008 by Nerdblog in General
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| Problogger | Blogger | Blog tips to help you blogging
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| Million Dollar Blogger Interviewed | | Yaro Starak has just published an audio interview with one of his former students (and now a coach) from BlogMastermind Alborz Fallah.
Alborz is behind a car blog here in Australia - a blog that has enabled him to grow his blog to a point where it’s been valued at over $5 million - have a [...] [..] Read complete article | | Published 24-Jul-2008 by Darren Rowse in Case StudiesPro Blogger Interviews
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