Internet Brands might be selling off vBulletin!

I agree, but we all know there's not a hope in hell that vBulletin will ever produce 'great software' under Internet Brand's leadership so it's a completely moot point.

 

Ummm, my last one was Christmas, not really a ton.

Nope.

Yes, we all know your favourite pastime, no need to remind us.

 

I don't think so, he just has a different flair for expressing himself. Not many people are open to honesty especial if they are sensitive types.

 

One must be complete [****][****][****][****][****][****][****] to release that crap (vb5)...... In fact this is more than crap. Just money-maker.

 

Nothing to be added here.

 

AHEM!.
Tue Jun 3, 2014 9:15am EDT
KKR to buy Internet Brands for $1.1 billion

http://www.reuters.com/article/2014/06/03/us-internetbrands-deals-kkr-idUSKBN0EE12V20140603

n">(Reuters) - Private equity firm KKR & Co LP said it would buy Internet Brands Inc, which operates CarsDirect and other websites, from private equity firms Hellman & Friedman and JMI Equity.

A source familiar with the matter said the deal was worth about $1.1 billion.

KKR, which owns the popular internet domain registration firm GoDaddy.com LLC, is looking to expand Internet Brands' services while focusing on business categories such as automobiles, health, legal, and home and travel.

Internet Brands, which was taken private for $640 million in 2010, also operates websites such as Lawyers.com and ApartmentRatings.com. The company also provides automobile-related software and services to Toyota Motor Corp, Ford Motor Co and Chrysler Group LLC [CHRY.UL].

The company's websites receive more than 100 million visitors per month and most of its revenue comes from online advertising.

"Internet Brands is at an exciting inflection point of growth as the company transitions from a portfolio of web assets to a vertically integrated provider of media and client software solutions," the co-head of KKR's technology investing team, Herald Chen, said in a statement. [ID:nBw4SYDZWa]

KKR said it was making the investment through its North America XI private equity fund.

The New York Times had earlier reported the deal.

KKR has no plans to break up the business, two people familiar with the matter told the New York Times.

Internet Brands' chief executive, Bob Brisco, and its management team will hold a minority stake and continue to run the company, the report said. (r.reuters.com/nyv79v)

The El Segundo, California-based company has about 1,600 employees.

KKR acquired a majority stake in Norway-based accounting and payroll software maker Visma in 2010. The company recently cut its stake in Visma to 31.3 percent from 76 percent. (r.reuters.com/daw79v)

Shares of KKR closed at $22.90 on the New York Stock Exchange on Monday.

(Reporting by Soham Chatterjee; Editing by Simon Jennings)

 

HMMM. VB was recently removed from the IB brands list and there is no mention of VB in the article above.

Is VB included in the deal?

 

"Internet Brands is at an exciting inflection point of growth as the company transitions from a portfolio of web assets to a vertically integrated provider of media and client software solutions,"

I'm assuming that's what covers vBulletin.

 

That's exactly what I thought as soon as I read the line about Bob the Bodger staying in charge.

There would be more hope if they hired this guy....

 

On a more serious note, that's one hell of a profit - almost doubled their money in just four years.

 

Got to hand it to good old Bob, he steps into a pile of shit and comes out smelling like a rose, retaining control of his septic tank is a wonder to behold.

 

Sit back and wait this one out
I cant see any company keeping vbulletin going in its present state

Wonder if there is a Mc Donalds near Mark. He better apply for a job quick

 

Don't forget that IB also forked over $125M to H&F last year too.

KKR also owns some of Go Daddy, so this is probably a good match.

Scott

 

With every $5 a month Go Daddy hosting package, you will also get a free copy of vb5

 

As has been mentioned before, It could be a good time for employees, contractors or others who receive benefit in some way to look around for other employment.

What has happened in past cases like this is that many promises of retentions have been made along with assurances that the "staff" are valued and needed while their replacements are being groomed in the background, remember, a new broom sweeps clean.