Category Archives: Internet

Amazon Is Looking for Larger Whole Foods Stores

Amazon

In a unique blending of the online with brick and mortar, Amazon is looking for larger Whole Foods stores to support their delivery plans. According to Bloomberg, their objectives include wider aisles that could accommodate more traditional Amazon purchases as well as possibly converting some outside parking space to stalls that could be used by their delivery partners for loading. Read more at bloomberg.com…

KKR Acquiring WebMD for $2.8bn

WebMD Logo

Private equity giant KKR announced plans this morning to buy internet health information giant WebMD Holdings for $2.8 billion, a revenue multiple turning heads in the industry and proving once again the increasing value of revenue generating websites.

The company has just announced preliminary financial results for the three months ended June 30, 2017 showing that second quarter revenue is expected to be approximately $176 million, an increase of approximately 5% from the prior year period. Prior financial guidance for the quarter was $170 million to $173 million. First quarter revenue was $154.1 million, bringing the projected total results for the first half of the year to a projected $330 million, meaning that the deal should be valued at multiple of between 4 to 5 times revenue.

We have always held WebMD as an example of a great revenue generating website. Today’s announcement is just another strong indication of the increasing value of such sites as the market begins to better understand this new asset class.

Read more about the purchase…

 

 

 

The Story of IAC/InterActiveCorp (IAC)

IAC-InterActiveCorp logo

Owning revenue generating websites is not just a good investment idea – it’s a great idea! Just ask investors in IAC/InterActiveCorp (IAC) who have seen a dramatic increase in value after their recent purchase of Angie’s List.  IAC is a big boy’s model of what we do.  They are investing in revenue generating websites – lots of them, and they are doing extremely well.

In terms of performance, as of this writing the stock is up almost 60% since the start of 2017. During the past six months, IAC/InterActiveCorp (:IAC)’s stock has been 53.94% and 90.32% for the last 12 months. Read more details on the FLBC News website…