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Rigzone (www.rigzone.com), a U.S. market leader in the oil and gas industry, delivering content, data, advertising, and career services, has been sold to Dice Holdings, Inc. (NYSE: DHX) (www.diceholdingsinc.com), a leading provider of specialized career web sites for professional communities for $39 million in cash and additional consideration of up to $16 million over a one year earnout.

Known as the online gateway to the oil and gas industry, Rigzone is the world’s most-used source for upstream oil and gas news and data, including in-depth information on the exploration, drilling and production markets. Rigzone has built a valuable and largely-passive community with more than 500,000 unique visitors each month and more than 270,000 resumes in their database.

The Jordan, Edmiston Group represented Rigzone in this transaction and acted as its exclusive financial advisor. For more information, click here.

Date: 
Sunday, August 1, 2010
Market Sector: