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Thread: Discovery buys HowStuffWorks

  1. #1
    Administrator Chris's Avatar
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    Discovery buys HowStuffWorks

    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/SB1192..._us_whats_news
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  2. #2
    4x4
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    Wow now that's a big buy!!

  3. #3
    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 .

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    I love that site! I have been reading it since they started the website.

    Yes, definitely someone made some big money there.

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    Administrator Chris's Avatar
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    kinda like the gardenweb guy, he sold to ivillage for 25m, but then NBC bought ivillage for 500m
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    Site Contributor KLB's Avatar
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    Quote Originally Posted by Chris View Post
    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.
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    I used to visit that site years ago. It's a great, high quality website.
    Max

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    Quote Originally Posted by KLB View Post
    I wonder if Discovery would want to buy my site for a cool $250 million.
    Won't you take 25m? I could live with that

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    Site Contributor KLB's Avatar
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    Quote Originally Posted by Nico View Post
    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.
    Ken Barbalace - EnvironmentalChemistry.com (Environmental Careers, Blog)
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    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?

  11. #11
    Site Contributor KLB's Avatar
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    Quote Originally Posted by Nico View Post
    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.
    Ken Barbalace - EnvironmentalChemistry.com (Environmental Careers, Blog)
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  12. #12
    Quote Originally Posted by KLB View Post
    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.

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    Site Contributor KLB's Avatar
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    Quote Originally Posted by deronsizemore View Post
    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.
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  14. #14
    Quote Originally Posted by KLB View Post
    I know what my wife would say.
    lol. Yeah. My wife would give up my site for ten bucks I'm pretty sure.

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