Blog purchased for 14.9 Million

14.9 Million. Yes, you read that right.
PaidContent is reporting that the financial info site BankRate has acquired Bankaholic, which provides info on deposits, savings accounts, and money market accounts. This is a one man site, and he just picked up a cool 12.4 million up front and a possible 2.5 paid out over time. And, he gets to continue writing the blog!
My first thoughts were “wow!” and “hrm…. I’ve got at least four blog properties… “, and then reality set in. I don’t know how well niched or how well written this content is. Maybe John Wu, the site owner, …read more