Tom's Hardware sold for $15 to 20 million?

Posted on Monday, April 09 2007 @ 19:47 CEST by Thomas De Maesschalck

The Inquirer heard a whisper that hardware site Tom's Hardware has been sold for between $15 million to $20 million to a French firm called Best of Media.

The exact details aren't known but it's certain that the site has been sold as The Inq received an e-mail from Tom's Publishing LLC's CEO Omid Rahmat who confirmed a sale:

Omid said: "The rumors flying around are less than accurate. I can only comment on one point, and I do so reluctantly, hoping to avoid more ridiculous rumors.

"TG Publishing, the publisher of Tom's Hardware Guide, has been sold. We expect the deal to close this month, and will make an official announcement at the appropriate time. We believe that there are some very exciting times ahead for the company, and that our readers have a lot to look forward to. I hope that I can share our expectations with you shortly."

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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