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View Full Version : Discovery buys HowStuffWorks


Chris
10-16-2007, 05:29 AM
Discovery Communications Inc., looking to jump-start a stalled Internet strategy, agreed to acquire the HowStuffWorks.com Web site for $250 million.
http://online.wsj.com/article/SB119240620469258721.html?mod=hpp_us_whats_news
Todd W
10-16-2007, 08:38 AM
Wow now that's a big buy!!
ASP-Hosting.ca
10-16-2007, 08:44 AM
I remember the site back in 2000 - I believe it had less than 100 articles :). The original owner the sold it to investors a few years later and now it sold again for $250 million. Somebody made a lot of money ;).
Nico
10-16-2007, 10:38 AM
I love that site! I have been reading it since they started the website.

Yes, definitely someone made some big money there.
Chris
10-16-2007, 12:25 PM
kinda like the gardenweb guy, he sold to ivillage for 25m, but then NBC bought ivillage for 500m
KLB
10-16-2007, 12:28 PM
kinda like the gardenweb guy, he sold to ivillage for 25m, but then NBC bought ivillage for 500m

This is what I was thinking. Very rarely is it the creator of a site that actually makes the big money. It always seems to be some intermediary who truly makes the gold.

I wonder if Discovery would want to buy my site for a cool $250 million. :p
MaxS
10-16-2007, 12:54 PM
I used to visit that site years ago. It's a great, high quality website.
Nico
10-16-2007, 07:31 PM
I wonder if Discovery would want to buy my site for a cool $250 million. :p

Won't you take 25m? I could live with that :)
KLB
10-16-2007, 07:47 PM
Won't you take 25m? I could live with that :)

It would be tempting I have to admit. At the same time I've been building my site for 12 years and it has become part of my identity. In a way, selling my site would be like selling my soul.
Nico
10-17-2007, 08:53 PM
When you put it like that, i can see what you mean. I totally understand the attachment someone can get with a website, specially one were you worked 12 years! It's pretty impressive to find a site that has been online so long. You probably started the site almost when the internet was made public and popular.

But now i have to ask...if selling your site is like selling your soul...is your soul for sale? :)
KLB
10-18-2007, 04:32 AM
But now i have to ask...if selling your site is like selling your soul...is your soul for sale? :)

For $250 million, I'd have to think hard before answering.:p
deronsizemore
10-19-2007, 12:49 PM
It would be tempting I have to admit. At the same time I've been building my site for 12 years and it has become part of my identity. In a way, selling my site would be like selling my soul.

I can see where you're coming from, but for 25m, all I'd need to know is where to sign. :)
KLB
10-19-2007, 01:29 PM
I can see where you're coming from, but for 25m, all I'd need to know is where to sign. :)

I know what my wife would say.:p
deronsizemore
10-22-2007, 08:44 AM
I know what my wife would say.:p

lol. Yeah. My wife would give up my site for ten bucks I'm pretty sure. :lol: