Monster buys Tickle

Filed in archive Venture Capital on May 26, 2004

Seems the Monster has even more appetite, after buying jobpilot.de last week monster.com announced the acquisition of tickle.com the grand-daddy of social software.

"Tickle has been profitable since the second quarter of 2002. Through April 30, 2004, trailing twelve-month revenue was approximately $25 million. Monster Worldwide anticipates that the transaction will be earnings neutral in 2004 and accretive in 2005. The consideration paid for the transaction consisted of one million shares of Monster Worldwide common stock, an initial cash payment of $29.5 million and a three-year payment of approximately $40-plus million, related to achieving certain financial objectives."