The Paley Center for Media Announces The 26TH Annual Paley International Council Summit: Reimagining the Global Media Landscape On November 9-10 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ The Paley Center for Media announced the agenda and speaker lineup for its 26TH Annual Paley International Council Summit: Reimagining the.
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Venice, California-based
StackCommerce, which develops a white-label marketplace which is used by publishers and brands to help connect people with products, has been acquired by
Integrated Media Company (IMC), itself owned by private equity investor
TPG. Financial terms of the acquisition were not announced. Stack Commerce is led by founder and CEO Josh Payne. According to StackCommerce, its partners earned more than $175M on its platform. The companies said that StackCommerce was advised by investment bank CG Petsky Prunier (part of Canaccord Genuity) in the deal; the company s legal advisor was Cooley LLP.
After pulling in around $80 million last year in revenue, LA’s StackCommerce is acquired by TPG’s Integrated Media Company
The Los Angeles-based commerce and content platform StackCommerce has been acquired by Integrated Media Company, a holding company set up by the massive private equity fund TPG to acquire new media businesses.
StackCommerce’s affiliate buying platform has distributed more than $175 million on its platform by going directly to merchants. Through its platform, publishers can make between 15% to 20% of gross compared with 5% on an affiliate marketing site. StackCommerce takes 30% to 40% of the transaction, according to a person with knowledge of the company’s operations.