Leonis Principal, Inc. (d/b/a “Leonis Partners”) and The Jordan Edmiston Group, Inc. (d/b/a “JEGI CLARITY,” and together with Leonis Partners, the “Parties”) have entered into a proposed combination agreement (the “Transaction”). The Transaction is subject to approval by the Financial Industry Regulatory Authority (“FINRA”) and in the UK by the Financial Conduct Authority (“FCA”). The Parties will continue to be two distinct entities and businesses until the Parties obtain FINRA's and the FCA's approval of, and close, the Transaction. Click here for more information.
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Transaction

JEGI CLARITY Represents WebMediaBrands In Sale Of Internet.com To QuinStreet

Date: November 2009
Deal Type: Corporate Divestiture
Role: Sell-side M&A
Sectors:
  • B2B Information and Events

WebMediaBrands (Nasdaq: WEBM) (www.webmediabrands.com), a leading provider of events, education, jobs and content for business, media and creative professionals, has sold its Internet.com division, a leading source of news, features and hands-on advice for developers and IT professionals, to QuinStreet (www.quinstreet.com) for $18 million in cash. QuinStreet is a full-service online marketing services and technology company.

Following the completion of the sale, WebMediaBrands will continue to operate its online business, which consists of Mediabistro.com, Graphics.com and related job boards, online education offerings and tradeshows.

JEGI CLARITY represented WebMediaBrands in this transaction and acted as its exclusive financial advisor.

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