WebPro News (Free subscription) | yesterday
Friday, we reported on Bankaholic , a blog written by Johns Wu, being sold for $15 million to BankRate . read more
TREND HUNTER Magazine (Free subscription) | 05/10/2008
(TrendHunter.com) The news is enough to send heart palpitations to bloggers and inspire non-bloggers to set up their first blogs. PaidContent just reported that a WordPress blog written and owned by a single blogger, Johns…
WebPro News (Free subscription) | 04/10/2008
Reports have surfaced that Bankaholic.com, a WordPress blog run by Johns Wu (alone) is selling for $15 million to BankRate. That's quite a deal for Wu, I'd say. According to paidContent.org , Wu gets $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. read more
Profy.Com (Free subscription) | 03/10/2008
Yesterday the blogosphere was abuzz over yet another acquisition in the blogging world with one-man blog Bankaholic purchased by BankRate financial information website and service provider for reported $15 million (with $2.5 million to be paid over the next 12 months if certain conditions are met). The irony of the announcement is that the overall financial climate in the country does not seem to...
The Wardman Wire (Free subscription) | 03/10/2008
A real Friday post. The website bankaholic.com has been sold for $15m. From Paidcontent.org : Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Bankaholic’s...
The Inquisitr (Free subscription) | 03/10/2008
Bankaholic, a one person blog covering the finance sector has been acquired by financial information service provider Bankrate for $15 million. The sale was said to have been completed prior to the latest crisis on Wall Street, and $2.5 million of the $15 million is set aside as an earnout over the next 12 months. Darren Rowse [...]
Mashable (Free subscription) | 03/10/2008
In the midst of economic doom and gloom , exits can still exist. PaidContent and ProBlogger are both reporting on a story of a blog exit that’s nothing short of jaw-dropping. Financial services blog Bankaholic has been purchased by financial information portal BankRate for a stunning $14.9 million. Bankaholic is a one man shop, operated by John Wu, who is supposed to stay online with the blog after...
Blog Business Summit (Free subscription) | 03/10/2008
Paidcontent and ProBlogger reported this morning that the Bankaholic blog, which launched in July of 2007, was bought today by Bankrate for a cool $12.4 million, and the option to earn another $2.5 million over the next 12 months. That’s an astounding payout for the amount of time that John Wu (who is the one [...]
Seeking Alpha (Free subscription) | 02/10/2008
Paul Kedrosky submits: Two of my favorite semi-unusual places to watch for bank tells -- signs that a particular banking institution is struggling -- are Bankrate's 1-year CD page , and Mediaguide's weekly radio spending numbers. In the case of Bankrate, the indicator is if a new low-rated bank suddenly moves to the top of the rate charts after not having been there in recent history. A sudden need...
The Earth Times Online Newspaper (Free subscription) | 02/10/2008
NEW YORK, Oct. 2 -- Mortgage rates increased for the third consecutive week, with the average 30-year fixed mortgage rate rising to 6.41 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has...
PR News Wire (Free subscription) | 02/10/2008
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- Mortgage rates increased for the third consecutive week, with the average 30-year fixed mortgage rate rising to 6.41 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.42 discount and origination points. (Logo: ) The average 15-year fixed rate mortgage popular for refinancing notched higher...
ProBlogger (Free subscription) | 02/10/2008
I’ve had four people email me this news in the last 10 minutes. PaidContent is reporting that a WP blog by the name of Bankaholic has just been acquired by BankRate For Up To $15 Million. Bankaholic has a staff of 1 (John Wu) who will remain on at the blog. If this price is true it’s [...]
Okdork.com (Free subscription) | 26/09/2008
All day on Techcrunch, Techmeme and other tech sites there is a good coverage and some not so good about start-ups that are doomed for failure. Surprisingly, they all missed the story of my resident in the dorms from Berkeley, Johns Wu, who by himself created bankaholic.com and sold it to bankrate.com(a public company) for [...]
Compete (Free subscription) | 26/09/2008
I admit it – I love using Bankrate.com to find the best savings account rates and to use their online calculators. I’m not the only one, between 3 and 4.5 million Americans use the site every month and that number is growing steadily, up 20% year-over-year. But my love for the site, has not necessarily [...]
PR News Wire (Free subscription) | 25/09/2008
NEW YORK, Sept. 25 /PRNewswire-FirstCall/ -- Bankrate, Inc. (Nasdaq: RATE) announced today that it plans to hold a conference call on Tuesday, November 4, 2008 at 4:30 P.M. Eastern time to discuss the company's third quarter 2008 financial results. The call will be led by Bankrate's President and Chief Executive Officer, Thomas R. Evans. Also participating in the call will be Edward J. DiMaria, Senior...
