THK to Buy Web Diversity

twadmin on Wed, 2005-11-02 13:16.

7 comments

Despite recent rumours and scandal surrounding Think Partnership, owners of Websourced. And despite having to ahem... restate their financials for the last couple years, THK have signed a letter of intent to buy Web Diversity.

Hope you're going to make a packet on that Jim!

Comments

andy on Wed, 2005-11-02 13:26.

Well done Jim!

MrMackin on Wed, 2005-11-02 13:38.

Gopi on Wed, 2005-11-02 14:03.

>> THK will acquire Web Diversity for an upfront consideration of $1 million in cash and $1 million in common stock

Thats it ?

MaxD on Wed, 2005-11-02 14:43.

Seems like a good deal to me. Jim sure they not shafting you?

SlyOldDog on Wed, 2005-11-02 14:46.

4 times profit for a growth company?

I'd pay more than that if I had a couple mil lying around.

Undervalued by a factor of 3 I'd say.

Adam C on Wed, 2005-11-02 14:47.

with google about to shaft agencies on kickbacks

Gopi on Wed, 2005-11-02 16:23.

To be honest i am quite surprised by the revenue projection for a well known company like that!.

Anyway congrats to Jim !.