Filed under: Small business
A friend of mine, who started a new business, wanted to find online resources to help him out. He said the most helpful website was AllBusiness.com.
Well, The Dun & Bradstreet Corporation (NYSE: DNB) would agree. The company concurred to pay $55 million for the web property.
AllBusiness.com has thousands of articles and videos focused on the needs of small businesses - and also attracts about 2 million very special monthly visitors. And, yes, the business is primarily based on advertising. In fact, AllBusiness.com is expected to contribute $10 million in revenues for D&B for 2008.
What’s more, D&B had some other good news. There will be a 20% increase in the quarterly dividend to 30 cents and free cash flows are expected to range from $337 million to $352 million in 2008.
All in all, it’s a good day for D&B, with the stock price up 4% to $93.70.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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