8th
December
2006
Metacafe to be sold for USD 200 million
posted in SEO/Search Engine News |
By: Eli Shimoni | Source: ynetnews.com
The Tel Aviv-based company Metacafe that developed a video-sharing platform on the Internet is slated to be sold for USD 200 million, as was made known to Ynet. They also speculate that the buyer could be Yahoo. With YouTube selling for $1.65b, Metacafe seems like an absolute bargain. Then again, YouTube has 23 million unique visitors a month in the U.S., while Metacafe has just 3.8 million.
Metacafe was founded in July 2003 by entrepreneurs Eyal Herzog, Arik Czerniak, and Ofer Adler. Since its founding, the company has earned about USD 20 million, mainly from venture capital funds Benchmark Capital and Accel Partners.
Read more at ynetnews.com
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