Glam Turns Down $1.3 Billion?
ADOTAS - A rumor is going about that Glam Media, the ad network that represents many women’s interests’ websites, recently turned down a $1.3 billion acquisition offer. A source claiming to be close to the matter told VentureBeat that the firm turned down the supposed offer because it anticipates a “bigger opportunity” down the road. This includes growing the company further by creating a “large business for high-end display advertising.”
A report in Valleywag conjectured that publishers may flee the ad network predicting one of two fates: either Glam sites would “never get large enough to matter,” or “they grow too big for Glam to justify its cut of sales.”
Regardless, the firm has not formally announced any potential suitors for an upcoming buy or partnership.
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Reader Comments.
glam has a great model but its aint gonna last….the sites it reps cant grow and scale with glam as middleman. 1.3B is 3x what i heard anyways..
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