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KKR Buying Internet Brands For $1.1B

Private equity firm Kohlberg Kravis Roberts has reportedly agreed to buy Internet Brands for $1.1 billion. Internet Brands … owns Web sites like Lawyers.com, CarsDirect.com and ApartmentRatings.com,” The New York Times reports. “The company historically has generated a large portion of its revenue from advertising, while also selling leads to law offices and car dealerships.”
 


Read the whole story at The New York Times »

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