Internet Brands acquired by Hellman & Friedman in US$640 million deal

On December 17, 2010, investment funds managed by Hellman & Friedman LLC completed the previously announced acquisition of Internet Brands, Inc. (NASDAQ: INET), a leading Internet media company. When the deal was announced in September 2010, the transaction was valued at $640 million.

On December 16, 2010, Internet Brands' stockholders approved the going-private transaction at a special meeting of stockholders.

Internet Brands was advised on Canadian aspects of this transaction by Fasken Martineau with a team that included Anthony Baldanza and Mark Magro (Investment Canada Act and Competition Act); Mitchell Thaw and David Fox (tax); Martin Fisher Haydis, Michael Shour and Anna Dayan (corporate); and Ralph Nero (employment).