Jupitermedia (JUPM) agreed to buy Mediabistro for up to $23 million in cash.The New York media company said the deal calls for it to pay $20 million at closing and a two-year earn-out that could result in an additional $3 million in cash. Based in New York City, Mediabistro.com was founded in 1999 by Laurel Touby. Funding for this acquisition was secured through the recently announced closing of a $115 million senior credit facility arranged by KeyBanc Capital Markets.
Jupermedia Buys Mediabistro
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