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| WEBM > SEC Filings for WEBM > Form 8-K on 30-Nov-2009 | All Recent SEC Filings |
30-Nov-2009
Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure
On November 30, 2009, WebMediaBrands Inc., a Delaware corporation, completed the previously announced sale of its assets related to its Internet.com business (the "Business Assets") to QuinStreet Inc., a California corporation, pursuant to an asset purchase agreement dated August 7, 2009, for an aggregate purchase price of $18 million in cash, subject to a working capital purchase price adjustment (the "Sale"). WebMediaBrands completed the Sale after obtaining approval of the holders of a majority of its outstanding shares of common stock.
On November 30, 2009, WebMediaBrands issued a press release announcing the completion of the Sale. A copy of the press release is furnished as Exhibit 99.1 hereto. The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" with the Commission nor incorporated by reference in any registration statement filed by WebMediaBrands under the Securities Act of 1933, as amended.
(d) Exhibits
99.1 Press Release, dated November 30, 2009, of WebMediaBrands Inc.
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