Dice Holdings buys Geeknet websites for $20M
Dice Holdings Inc. said Tuesday that it acquired Geeknet Inc.'s online media business, including its Slashdot and SourceForge websites, for $20 million in cash.
The New York-based careers website company said the acquisition of the technology websites is part of its strategy of providing content and services geared toward technology professionals.
Slashdot is a user-generated news, analysis and discussion community. Technology professionals moderate the site, which averages more than 5,300 comments daily and 3.7 million unique visitors a month.
Meanwhile, SourceForge is an online place for technology professionals and fans to develop, download, review and publish open source software. About 80 percent of its about 40 million monthly unique visitors are outside the U.S.
The acquisition also includes Freecode, one of the largest indexes of Linux, Unix and cross-platform software, as well as mobile applications, and generates nearly 500,000 unique visitors each month.
Fairfax, Va.-based Geeknet said the sale will allow it to focus on its growing ThinkGeek online retail business.
The websites generated $20 million in revenue last year, Dice said.
Dice shares finished at $8.40 per share on Monday. Its shares have risen 21 percent since hitting a low for the past year of $6.95 on July 25.