Sources: Re/code valued at $15-20M in Vox deal, which was based on Vox's November valuation of $380M; Re/code projected to generate revenues of $12M this year
Alyson Shontell / Business Insider : Tweets: @felixsalmon , @neilcybart , @nichcarlson , @rafat and @fmanjoo . Thanks: @stevekovach . See also Mediagazer Tweets: Felix Salmon / @felixsalmon : Also, if @Recode really did sell for <2X revenues in an all-stock transaction - that counts as distressed, I think. http://www.businessinsider.com/ ... Neil Cybart / @neilcybart : BI reporting Re/code sold for $15-$20M. Site launched at $28M valuation. Went through $3M of cash in 15 months. http://www.businessinsider.com/ ... Nicholas Carlson / @nichcarlson : Sounds like Re/Code sold for $15mm to $20mm. About 1.5x revenues. ~33% less than its original valuation. http://www.businessinsider.com/ ... Rafat Ali / @rafat : Definitive article on Recode's sale to Vox, should set record straight. Smart deal for all sides, naysayers aside. http://www.businessinsider.com/ ... Farhad Manjoo / @fmanjoo : For entirely competitive reasons, I wonder if The Verge will be given 2iPhones to review or 1. http://www.businessinsider.com/ ... http://twitter.com/... Thanks: @stevekovach See also Mediagazer