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Subject:
Acquisition of CitySearch by Ticketmaster
Category: Business and Money > eCommerce Asked by: akron-ga List Price: $20.00 |
Posted:
27 Oct 2004 10:05 PDT
Expires: 27 Oct 2004 12:28 PDT Question ID: 420781 |
CitySearch was acquired by Ticketmaster in 1998. What was the purchase price and how much did each top executive receive from the sale? If the exact public data is not available, an estimate will suffice. |
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There is no answer at this time. |
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Subject:
Re: Acquisition of CitySearch by Ticketmaster
From: tar_heel_v-ga on 27 Oct 2004 11:25 PDT |
Being that CitySearch and Ticketmaster were private companies at the time of the merger, getting the exact numbers will be very difficult. However, an analyst at the time valued the pre-IPO company at about $1 billion with roughly $300 million being the CitySearch portion. CitySearch shareholders owned 42.5% of the merged company and USA Interactive, which had an ownership share of the CitySearch is taken into account, they (the two entities) would hold 62.5% ownership. http://news.earthweb.com/bus-news/article.php/22051 |
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