Internet Brands Inc. said late Friday that its $640 million acquisition by private equity firm Hellman & Friedman LLC has closed.
The El Segundo company – which operates more than 100 websites that provide news and information on such topics automobiles, careers and travel – announced Sept. 17 that it had agreed to be acquired by Hellman & Friedman, which has offices in San Francisco, New York and London.
Shareholders, who will receive $13.35 per share, approved the deal at a special Thursday meeting.
The company, which will have its stock delisted from the Nasdaq, closed at $13.25 on Friday.
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