On February 1, after the close, VCLK announced the divestiture of its Web Clients (Lead Gen) business for $45MM to an undisclosed private buyer. Payment will come in the form of a note that is due in 5 years and will earn 5% interest.
VCLK: Sells Lead Gen Business & Pre-Announces Q4 Results
Ouch. That’s less than the Angels got for Gary Matthews. Rafer said it best:
If anyone wants to give me a $50M business for approx 1X rev in return for a payment in 2015, please give me a call. It can be declining and moderately unprofitable. I’ll deal.
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