Demand Media Acquires Saatchi Online for $17,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8baa5f9a-19ad-4d32-a8e5-3f9a53313bd0
Date
8/11/2014
Company Name
Saatchi Online
Mailing Address
604 Arizona Ave. Santa Monica, CA 90401 USA
Company Description
Saatchi Online is a platform that allows emerging artists to showcase and sell their work and gives art lovers insider access to new talent from around the world.
Website
http://www.saatchionline.com
Transaction Type
M&A
Transaction Amount
$17,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The company was acquired for total consideration of approximately $17 million comprised of a mix of cash and stock.