Website Sold:
http://www.Movies.com
Who Bought It?
Comcast
How Much?
17 Million
Information On The Deal:
Movies.com, a Disney owned company that publishes reviews and updates for the latest movies, was acquired in June 2008 by Fandango. Initially, the cost of the acquisition was undisclosed. However, according to PaidContent.org, Comcast’s Fandango.com paid 17 million dollars for the web-based movie content site.
This purchase seems like a natural fit because of movies.com’s premium domain name and traffic for Fandango.com, a site that has a movie ticket service. So far, the site has been used to send traffic to Fandango.com.
Do you this was a smart move for Fandango?
