Demand Media Inc Acquires Society6

Monday, 24 Jun 2013 04:05pm EDT 

Demand Media Inc announced that it has acquired Society6, a digital marketplace powered by artists. The e-commerce marketplace enables artists to seamlessly upload and merchandise artwork and sell a variety of products, such as phone cases, art prints, home d├ęcor, and other merchandise. Society6 further expands Demand Media`s content & media platform through Society6`s fast growing e-commerce marketplace that includes more than 100 million product SKUs and a community of over 300,000 members. Total consideration is approximately $94 million, consisting of $75 million in cash and approximately $19 million in common stock at close. 

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