Dice Holdings (DHX) Acquires Online Media Business of Geeknet (GKNT) in $20M Deal

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Dice Holdings, Inc. (NYSE: DHX) and Geeknet, Inc. (Nasdaq: GKNT) announced that Dice Holdings has acquired Geeknet's online media business, including Slashdot and SourceForge.

The sites include:

• Slashdot, a user-generated news, analysis, peer question and professional insight community. Tech professionals moderate the site which averages more than 5,300 comments daily and 3.7 million unique visitors each month.
  
  
• SourceForge, a destination for technology professionals and enthusiasts to develop, download, review and publish open source software, much of which they use in their own organizations. Approximately 80 percent of its roughly 40 million monthly unique visitors are outside the U.S.
  
  
• Freecode, one of the largest indexes of Linux, Unix and cross-platform software, as well as mobile applications generates nearly 500,000 unique visitors each month.

Dice Holdings acquired the business for $20 million in cash. In 2011, the online media properties generated $20 million in Revenues.

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