Selling a website... (for over $10M)

[kindai]

Possibly the weirdest thing I've ever gotten involved in...

While im not at liberty to disclose the site, ive been asked by a friend to help them sell a website.

Calculations aside, and a fairly rough figure based on website turnover, assets to be sold off, userbase values... a figure of $10M would be a fair amount for both sides.

The question being, where on earth do we go with that kind of... for sale offer?

Anyone here ever been involved in the transfer of such things before?

 

[kindai]

I'd be finding a good law firm to help you out.

http://www.chambersandpartners.com/guide/uk/1

http://www.legal500.com/c/london/tmt-technology-media-and-telecoms/it-and-telecoms

Etc.

Obviously any deal will be done via extremely reputable lawyers.

The main thing at this point is working out where we might find potential buyers or visionaries for said site... as selling something like this site is not your run of the mill thing.

 

[kindai]

Unfortunately having to keep things vague I know doesnt help.

We have a list of assets of the site and their estimated values, now if we split them off to companies, easily found, that 10M figure would be easily reached. The main thing however is not wanting to go down that route, and would rather sell the site as a whole to be done with it, so then any buyer could split it down and save us the hassle of doing it ourselves.

 

[kindai]

Yea I know, sucks

I'm going to have to put a dossier together anyway, so will put it up here once its compiled.

Genuinely, considering an offer myself, hes said I could have it at "mates rates enit" lol.

 

[kindai]

Nope, a deal was done with a silicon valley startup

 

[kindai]

What was the ballpark figure achieved?

Not allowed to say, lets just put it like this, if someone brought it for $10M it was a steal.