Bankrate.com Acquires 2 year old blog for $15Million
December 12, 2008
This is one of the craziest stories I haev read
Johns Wu sold his blog for $15 Million. Wu gets $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Johns Wu started the website in July of 2006, so he has been blogging at Bankaholic for about 2.5 years now so that means that he was 19 when he started and now he is 21 .. See Press Conference link below
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notjustok | December 12, 2008 at 7:43 pm
Hmmmm that is whole lot of money for a blog. This is definitely the exception for any blogger. Very weird story, except he was earning revenue in excess of a million a year on his blog and even that is unlikely…
I would have doubted the story, but the source is quite reliable. This is a life changer for the owner(s) of the blog, I would have gladly accepted half or even a quarter of what he got in the first check…
2.
bisi | December 12, 2008 at 8:15 pm
Hahaha ..Its just one person that owned the blog . I guess they made a lot of money from affiliate credit card offers and other financial type affiliate programs ..