JEGI Represents WebMediaBrands in Sale of Internet.com to QuinStreet
WebMediaBrands (Nasdaq: WEBM) (www.webmediabrands.com), a leading provider of events, education, jobs and content for business, media and creative professionals, has sold its Internet.com division, a leading source of news, features and hands-on advice for developers and IT professionals, to QuinStreet (www.quinstreet.com) for $18 million in cash. QuinStreet is a full-service online marketing services and technology company.
Following the completion of the sale, WebMediaBrands will continue to operate its online business, which consists of Mediabistro.com, Graphics.com and related job boards, online education offerings and tradeshows.
The Jordan, Edmiston Group represented WebMediaBrands in this transaction and acted as its exclusive financial advisor.