"And he said, I will hide my face from them, I will see what their end shall be: for they are a very froward generation, children in whom is no faith." - Deuteronomy 32:20
Original Email from Internet Brands
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My name *******. I work for Corporate Development at Internet Brands, Inc. (IB) headquartered in El Segundo, CA. I have contacted you to determine your interest in discussing a sale of Goforex.net to IB. IB owns and operates a broad portfolio of leading online communities in seven verticals: 1) Automotive, 2) Home, 3) Travel and Leisure, 4) Careers, 5) Shopping and 6) Money and Business 7) Health. We are also the corporate owners of VBulletin. I invite you to visit our corporate website, www.internetbrands.com, to learn more about us. You'll undoubtedly notice that we completed an initial public offering in November 2007 and now trade on NASDAQ under the symbol INET.
We are currently looking to expand our presence and feel that your website is a good strategic fit with our holdings. Our team likes what you've created and how you've successfully grown Goforex.net into a premier online guide to forex trading. It would be a keynote addition to our growing portfolio of communities.
In terms of a deal, we have completed a very wide range of deal sizes and structures from under $1 million for small websites to tens of millions of dollars for more substantial website businesses. With our larger transactions, we typically continue to work with the seller and the seller's team and add in our resources (tech, marketing, internet expertise, etc.) to assist, where appropriate, to accelerate growth. Deal structures are typically mostly cash up front and sometimes have an earn-out if the seller(s) remain involved and would like to continue to participate in the upside.
I hope I have provided a helpful context for you to consider our inquiry and I look forward to hearing from you.
Internet Brands, Inc.
909 North Sepulveda Blvd 11th Floor
El Segundo, CA 90245