August 7th, 2008 | Arti
DailyCandy.com Sold for $125 Million
DailyCandy.com, your source for fashion, style, travel, beauty and culture for cities across the United States now has a new owner–Comcast.
Comcast, which is the United States’ largest cable TV provider and the third-largest broadband provider, has been able to purchase the website and company, who also carries e-mail newsletters in various cities
The website itself offers articles, tips and stories from all major American cities including New York, Los Angeles, Chicago, San Francisco, Boston, Dallas, London, Washington D.C., Atlanta, Philadelphia, Miami and Seattle.
It was also reported that the company was able to kick out another huge competitor, Viacom. Viacom had offered $120 million for the website, but the folks down at Comcast had another $5 million in mind.
Dmwmedia.com also reported that DailyCandy.com has had over 2.5 million subscribers since 2003 and is expected to see another $25 million in revenue this year alone.
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Tags: Comcast, DailyCandy.com, Viacom