Media.net Acquired in $900 Million Deal

Media.net logoIt was quite impressive to learn that Divyank and Bhavin Turakhia had sold Directi to Endurance International in a low 9 figure deal. After the deal, the brothers retained their Media.net property, and that business has continued to grow and thrive (who said you need to have a .com to create a massive company?!).

This morning, another Turakhia deal was covered in Forbes, and it dwarfs the Directi deal from 2013. Here’s the jist of the deal written about in Forbes:

“AdTech pioneer Media.net, has been acquried by a Chinese consortium from serial internet entrepreneur Divyank Turakhia’s Starbuster TMT Investments in an all-cash transaction of $900 million.”

If you add those two deals together, that is $1 BILLION in deals. Wow!

I wonder what’s next for Div. It looks like he has the golden touch.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn
  1. Congrats to the seller. 🙂
    However, IMHO paying 900 mln USD for a company with revenue of 232 mln USD (2015) and an unknown, but allegedly not exciting profitability, is a ripoff.
    3.9x 2015 sales and a declining (unknown) profitability make no sense to me …
    It’s interesting to note that back in 2014, Ashmore Investment Management Limited held a stake in Media.net.
    An Ashmore mid-year report from the same year cited Media.net as a struggling investment and ultimately included the following statement: “The Company’s stake in Media.net was marked down by 39% due to deteriorating operating performance and limited diversification of revenues which depressed the multiple at which its earnings are valued.”: http://www.prnewswire.co.uk/news-releases/regulatory-news/half-yearly-report-272985811.html

    Unlike what he says, IMO he sold because results and expectations are worsening … good for him he was able to negotiate such a high price. 🙂

    • Turakhia Brothers also owns Shop.in…Casino.in etc ULTRA Premium .in domains by the grace of God though their company called India Portals 😀

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