|
Cox buys Adify for $300 million
It was just a month ago that Adify CEO Russ Fraidin told me that he thought his company would be worth more than $300 million "sooner rather than later."Turns out he was right. Cox Communications has agreed to acquire the company, according to Russ's blog on Adify."As Adify began raising our third round of financing to fund our expansion, Cox Enterprises, based in Atlanta, expressed interest in acquiring us. Although Adify was not seeking an acquirer, Cox’s history, resources, and people demonstrated that it would be a very compatible business partner and the perfect home for our company," he wrote.Adify was sold for $300 million, plus possible earnouts, less than two years after it formally launched. That's in the same ... [ Read more ]
Video Length: 0
Date Found: September 23, 2008
Date Produced: April 29, 2008
View Count: 1
|