Monday, July 20, 2009

Demand Media Buys Demand.com

Santa Monica-based Demand Media, the well funded Internet content startup headed by Richard Rosenblatt, the former chairman of MySpace, has acquired the domain name Demand.com. Financial terms of the deal were not disclosed. Demand Media acquired the domain name from Phoenix-based inter123, a firm owned by Jeffrey Peterson, former founder of Quepasa.com. In a quote released by Inter123, Demand Media's Rosenblatt said the domain name would go to expand its corporate branding efforts.