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Dice Buys Geeknet's Media Business, Including Slashdot, In $20M Deal 466

Posted by timothy
from the always-the-last-to-know dept.
wiredmikey writes with the press-release version of news that we'll probably be updating as more details trickle down to the editors: "Dice Holdings (Owner of job sites including Dice.com) reported this morning that it has acquired Geeknet's online media business, including Slashdot and SourceForge. 'We are very pleased to find a new home for our media business, providing a platform for the sites and our media teams to thrive," said Ken Langone, Chairman of Geeknet. 'With this transaction completed, we will now focus our full attention on growing ThinkGeek.' Dice Holdings acquired the business for $20 million in cash. In 2011, the online media properties generated $20 million in Revenues." The AP has a small piece with the news, too. Update: 09/18 16:16 GMT by T : Ars Technica has a story up as well.
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Dice Buys Geeknet's Media Business, Including Slashdot, In $20M Deal

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