Jay Penske, the man behind Mail.com has sold off the email portal side of the business (Mail.com) to Germany’s United Internet Group, in order to focus on the company’s more content driven sites such as Deadline.com, HollywoodLife.com, Movieline.com and OnCars.com. The United Internet Group is Europe’s largest publicly listed Internet company. It’s main brands are 1&1, GMX, WEB.de, united-domains, Fasthosts, InterNetX, Sedo and affilinet.
This sale will also marks a transition from also mark a transition from the clunky Mail.com moniker to the more streamline MMC. Sources say the deal just went through for between $50-$100 million. Full press release below: