It’s done and dusted- the sale of the Inquisitr is complete, and the site has officially changed hands.
It would be incredibly difficult to post about this objectively, as I’ve personally had an eons-long by tech standards working relationship with Duncan, and most of the team have been here for a year or more. To be painfully honest, it was a bit terrifying to watch it play out, and difficult to imagine the Inquisitr without Duncan, and maybe some of
me us panicked a little. However, we’ve all spoken to the new (secret!) owner- he’s very cool, he’s got some great ideas and we’re excited.
With everything said and done, Duncan has disclosed some facts and figures about the sale of the site. Final sale price was 10% over the reserve of $300,000, at $330,000. Keeping in with the threes trend, it went for 30x the monthly net after writers’ expenses. Duncan commented:
“Although it was a quick sale and I believe it was less than it was worth, the sale once again proves the viability of new media. The sale worked out at roughly 30x net monthly after writers, which is a good ﬁgure in the after market, and compares well to old media sales.”
As many of our readers know, Duncan said the decision to sell the Inquisitr was not an easy one, but he wanted some time away before diving into new ventures. He says:
“I had to sell for private reasons in the end, which werenʼt related to the running of the site (indeed it ran itself) but you get to a point where you need a proper break (one I havenʼt had for seven years,) and the site has gone into good hands at a good price.
“I do believe The Inquistr was worth far more, but the quality of the buyer and the fact that they kept on the writers, who are the real assets of the company (which they have proved time and again) was an important consideration.
“It was a clear cash sale (without conditions and with no clauses for me to stay on) which was the deciding factor in me accepting the offer.
“The Inquisitr has been my heart and soul for three years, and as much as it hurts me to be forced to sell it, I know it goes into good hands.”
At the end of his time off, Duncan says he plans on launching something new in an entirely different niche than the Inquisitr. We can’t wait to see what he’s planning, and I think it’s safe to say everyone here will miss him very much during his mini-retirement. Something tells me he won’t keep a low profile for long. 🙂