Reink Media Group (RMG) has undergone its latest acquisition, purchasing the domain Investor.com for an undisclosed sum. Per the acquisition, RMG’s portfolio has grown to six different finance and investing portals, covering a range of asset classes.
The Michigan-based company currently operates StockBrokers.com, ForexBrokers.com, FuturesBrokers.com, StockTrader.com, InvestingTeacher.com, and now Investor.com. Collectively, RMG’s financial and research focus garners an audience of nearly nine million investors.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
For RMG, Investor.com is the latest piece of its growing portfolio, whose acquisition represents an integral component of its long-term growth plans to reach a growing customer base. While the deal was officially closed back on June 30, Investor.com is eyeing a re-launch at some point in H2 2017.
This tone was echoed by Blain Reinkensmeyer, Managing Director at RMG, who commented: “When I started my career on the web over 11 years ago with a four-word, 16 letter domain, I never would have dreamed of having the opportunity to develop such an iconic piece of internet real estate. We are thrilled to add Investor.com to our portfolio and couldn’t be more excited about the future.”
Since being founded in 2009 RMG has inked numerous deals, acquiring TraderMike.net and StockBrokers.com 2011. Subsequent years have seen the media group launch educational projects, culminating in InvestingTeacher.com, StockTradingToGo.com Trade Tools, and other beta projects.
The financial media space has seen multiple deals over the past few years. In late 2014, an Israeli serial technology entrepreneur invested over $5 million to buy the website domain, invest.com. In addition, last September saw FXCM offload its news and research portal DailyFX to IG Group Holdings plc for $40 million.