News and its Userbase Changes Hands for “$50-$100 Million”

Jay Penske owner of the California based Media Corporation (MMC) recently sold the domain name and its 14 million e-mail users to United Internet AG, a huge German telecom and ISP.  The deal has been called a “strategic partnership” in which e-mail accounts will still be handled by MMC on it’s platform until eventually being transferred to GMXMail, a subsidiary of United Internet AG. users will still get to keep their e-mail handles but their accounts will soon be integrated into the platform. Part of the deal includes the two companies working together to launch new ventures in India and Germany.

So, Media Corporation (MMC) is done?  Hardly, but they do realize they need a new corporate identity since they no longer own the domain.  You can expect MMC’s new branding efforts to reflect its focus on publishing digital content.  Among the sites that MMC operates are,, and

All of the sources that I read say that the deal, although final price undisclosed, was worth $50-$100 million.  That’s a big range. 🙂

TechCrunch news story

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