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Dice Holdings Acquires Geeknet

September 18 2012

Dice Holdings Inc. (NYSE: DHX), an operator of online job boards, acquired Geeknet Inc.’s (NASD: GKNT) online media business, including Slashdot, SourceForge and Freecode. Dice Holdings acquired the business for $20 million in cash. In 2011, the online media properties generated $20 million in revenues.

“The acquisition of these premier technology sites fits squarely into our strategy of providing content and services that are important to tech professionals in their everyday work lives,” said Scot Melland, chairman, president and CEO of New York-based Dice Holdings. “The SourceForge and Slashdot communities will enable our customers to reach millions of engaged tech professionals on a regular basis and significantly extends our company’s reach into the global tech community.”

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