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Stock Market & Financial Investment News

News Breaks
November 26, 2012
07:25 EDTDMD, DMDDemand Media management to meet with JMP Securities
Meeting to be held in Boston on November 29 hosted by JMP Securities.
News For DMD From The Last 14 Days
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August 11, 2014
13:29 EDTDMDDemand Media new CEO hire brings two major advantages, says B. Riley
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09:02 EDTDMDDemand Media acquires Saatchi Online for $17M in cash and stock
Demand Media acquired Saatchi Online, Inc. which operates Saatchi Art, a leading online art gallery. Saatchi Art is driven by its global community of artists, similar to Demand Media’s Society6 marketplace. Saatchi Art is home to more than 45,000 artists selling their original work on the site. In the past six months, artwork has been sold to buyers in 77 countries on behalf of artists in 95 countries. The company was acquired for total consideration of approximately $17M comprised of a mix of cash and stock. In the near term, the company expects this acquisition to contribute revenue of $0.5M-$1M per quarter and reduce adjusted EBITDA by $1M-$1.5M per quarter.
09:02 EDTDMDDemand Media names Sean Moriarty as CEO
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August 7, 2014
16:46 EDTDMDDemand Media reports Q2 adjusted EPS (5c), consensus (14c)
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