8th April 2008
Entrepreneur.com business 'could sell for $200m'
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A company using a generic domain name for its online presence is expected to be sold for an estimated $200 million, it has emerged.
According to washingtonpost.com, Entrepreneur Media - which uses the premium domain name Entrepreneur.com to offer news and information on the small business sector - is up for sale and expected to be a valuable property.
The site reports that estimated bids of at least $200 million have been touted by sources and second round bidders are likely to be major industry players such as Time, Yahoo and R H Donnelly - which also owns Business.com
"According to some sources we've spoken to, the valuation hopes are high, compared to the numbers on their books," the site notes.
Last year, Entrepreneur.com was named 2007 Best Publishing Website in the Web Marketing Association's Web Awards.
Ryan Shea, vice president of corporate publishing at the site, said: "For years now our audience has counted on us to be their ultimate online resource for meeting any kind of business challenge."
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