M&A in the Parenting Sector
Congratulations to Celebrity Baby Blog on its sale to People.com, owned by AOL Media. This is such great news for all us mom and pop entrepreneurs. I am a huge fan of Danielle Friedland, founder of CBB, who started her then fledging website four years ago while still an executive assistant at Avon, as a hobby.
But, anyone who has ever met or worked with Danielle, knows that she is a smart and principled business woman. She was a pioneer in a niche area just as the celebrity baby boom was beginning, but was able to hold on to dominance in the space (8+ million pageviews per month) despite an ever growing number of copy cat sites launching by bigger players with deep pockets. Moreover, CBB held its lead without succumbing to snark and waving of the moral judgment stick which unfortunately is the trademark of most of the celeb posts written on the blogosphere. It’s great to see the good guys win.
Well done Danielle and Team CBB!