Shadow
17-04-2010, 12:31
*Demand IPO? Demand Media, a startup that mines online search engine data to generate thousands of videos and web stories a day, has hired Goldman Sachs to explore an initial public offering. The company could file for an IPO as early as August and, apparently, offer the company at a value of $1.5 billion. Since 2006, Demand has raised $355 million, attracting funding from Goldman Sachs, Oak Investment Partners, Spectrum Equity Investors and Generation Partners. Demand was founded by entrepreneur Richard Rosenblatt, former chairman of MySpace, who brokered the $580 million sale of the social network to Rupert Murdoch