HowStuffWorks gets millions from Icahn

Iria · Dec 16, 2005, 09:39 PM

HowStuffWorks, which provides product information for Internet users, on Thursday said financier Carl Icahn made a "significant investment" in the company to help fund its growth.

Entrepreneur Jeff Arnold, chief executive of the Atlanta-based company, didn't disclose the size of Icahn's investment, but in an interview said it amounts to "tens of millions" of dollars.

Arnold, who founded medical information site WebMD, also announced that HowStuffWorks has become the exclusive online publisher of both Consumer Guide, a for-profit publisher of product reviews, and the Mobil Travel Guide.

In addition, the company formed an alliance with Publications International, a publisher of mass market books and guides for home improvement, cooking, gardening and many other subjects to add to the HowStuffWorks content range.
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Read More / Source: News.com

Dec 16, 2005, 09:39 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	HowStuffWorks gets millions from Icahn HowStuffWorks, which provides product information for Internet users, on Thursday said financier Carl Icahn made a "significant investment" in the company to help fund its growth. Entrepreneur Jeff Arnold, chief executive of the Atlanta-based company, didn't disclose the size of Icahn's investment, but in an interview said it amounts to "tens of millions" of dollars. Arnold, who founded medical information site WebMD, also announced that HowStuffWorks has become the exclusive online publisher of both Consumer Guide, a for-profit publisher of product reviews, and the Mobil Travel Guide. In addition, the company formed an alliance with Publications International, a publisher of mass market books and guides for home improvement, cooking, gardening and many other subjects to add to the HowStuffWorks content range. ____________ Read More / Source: News.com