The Huffington Post Wants To Acquire Deadline Hollywood Daily, But No Agreement Made Yet
According to a source with BusinessInsider, The Huffington Post is interested in acquiring Deadline Hollywood Daily. DeadlineHollywoodDaily.com started a couple of years ago and has built themselves to about 25,000 on Alexa. No deal has been made yet, but rumor has it that the company is shopping around.
Nikki Finke, founder of DHD met with several people to sell their website in the past. Rumor has it that Nikki met with paidContent and Variety. The Huffington Post recently raised $25 million from Oak Investment Partners so they have money to focus on acquisitions. HuffPo acquired 236.com several months ago.
Sharon Waxman of TheWrap.com revealed that Nikki said she has a couple of other offers on the table. Waxman pegged the deal to be worth around $400,000-$500,000 based on the website’s unique visitors. Waxman also said that Charlie Koones, a former publisher at Variety made a $500K offer.
[via BusinessInsider]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry