• $200+ Million For Fandango

    Wednesday, April 11th, 2007

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    We’re triangulating information from a couple of sources who have information about the size of the Comcast/Fandango deal. It sounds like Comcast paid $200 million, or perhaps a bit more. We’re also hearing Fandango revenue is in the $50m/year range, split roughly evenly between ticket sales and advertising. This isn’t firm yet – our sources are in the same ballpark but they aren’t agreeing on an exact number.

    As a public company, Comcast will need to disclose the purchase price only if it is deemed “material,” which is a somewhat subjective standard. Given Comcast’s market cap of $85 billion and change, it would take a much bigger transaction to trigger the materiality threshold.

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