Perez Hilton Celebrity Blog Gets Offered $20 Million [RUMOR]


Rumor has it that Avid Life Media and two other prominent celebrity blogs have made an offer to buy out PerezHilton.com for $20 million. Avid Life also owns HotOrNot.com and AshleyMadison.com.

The other two bloggers involved in the deal include Zack Taylor (ZackTaylor.ca) and Nik Richie (TheDirty.com). A letter of intent has been sent to Perez and his attorneys this week. The offer would be $18 million up front and $2 million in escrow. However Zack Taylor and Nik Richie would operate the business after an acquisition. [Gawker]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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