Demand Media hires Goldman Sachs to explore IPO offering

According to Kenneth Li writing in the FT today, Demand Media has hired Goldman Sachs to explore an initial public offering and the company could file for an IPO as early as August.

Founded in 2006, Demand Media was founded in 2006 by Richard Rosenblatt (previously CEO of Intermix Media, Inc., and Chairman of Myspace.com) and Shawn Colo (previously a principal with Spectrum Equity Investors). The company has a network of premium online brands including eHow, Livestrong.com and Cracked.com: an Internet content studio: and an enterprise social media platform deployed on many of the world’s leading digital destinations. The company also owns eNom, the world’s second-largest domain registrar.

Demand Media has raised more than $355 million dollars from tier-one investors, including Oak Investment Partners, Spectrum Equity Investors and Goldman Sachs. The company was founded in May 2006 and is based in Santa Monica, CA, with offices in Bellevue, WA, Austin, TX, New York, NY and London, UK.

Demand Media’s Executive Team:

Link: Demand Media enlists Goldman Sachs in preparation for IPO FT.com April 16, 2010

Contact us at pkelly@fusioncorp.co.uk or visit the Fusion Corporate Partners website

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