BabyZone.com Acquired for $22 Million - Newton, MA

BabyZone.com, an online publisher targeting new and expecting mothers, has been acquired by Kaboose, an online media publisher focusing on mothers and children, for $22 million in cash, plus 2 million Kaboose warrants. BabyZone shareholders may receive further earn-out payments based on pre-determined operating targets in 2006 and 2007. The company had revenue of $4.27 million in 2005, a 69% growth over 2004, and a profit of $1.47 million, an 88% growth. Its customers include Proctor & Gamble, Kimberly Clark, Gerber, Nestle, Fisher-Price, Kodak, GlaxoSmithKline, Disney and Gap Inc.

http://biz.yahoo.com/cnw/060501/kaboose_acq_babyzone.html?.v=1