Austin Ventures buying Entrepreneur!
July 1, 2008
According to PaidContent, “Austin Ventures and Another PE Firm Buying Entrepreneur Media“. The story came out in April, but I missed it completely. The company generated more than $60MM in revenue last year and the deal is reportedly under $200MM. Rafat explains,
The company was founded as a newsletter in 1973 and launched as Entrepreneur magazine in 1977. It also has a biggish online presence and operates book publishing unit Entrepreneur Press. Entrepreneur.com was launched in 1996, and has been popular and very profitable, a big part of the appeal to the buyers, our sources say.
