sold to Germany's United Internet Group

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SocialVest Debuts Cause-Based Shopping Platform

Jay Penske, the man behind has sold off the email portal side of the business ( to Germany’s United Internet Group, in order to focus on the company’s more content driven sites such as,, and The United Internet Group is Europe’s largest publicly listed Internet company. It’s main brands are 1&1, GMX,, united-domains, Fasthosts, InterNetX, Sedo and affilinet.

This sale will also marks a transition from also mark a transition from the clunky moniker to the more streamline MMC. Sources say the deal just went through for between $50-$100 million. Full press release below:


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