Discovery Acquires How Stuff Works For $250 Million (I wish I thought of that)
Posted in Random by Jon at 5:28 pm
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Such a simple website idea…makes people rich!
“According to a Wall Street Journal report, Discovery plans to use the site “as the cornerstone of an effort to bring its vast library of video content to the Web.” Discovery previously acquired environmentally focused blog TreeHugger.com for $10 million in August.”
I dunno about you, but I am happy for them and to see that the onslaught of website takeovers is still going on.
$250 million? That’s probably over 10 times the cash this website has generated since it was created.
As much as I like HSW I really think that we are in the middle of a tech bubble all over and people are spending stupid money.