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Showing posts with the label Div Turakhia

The Colorful Story of Div Turakhia & the Media.Net Exit

On August 23, Dubai and New York-based ad-tech firm  Media.net announced  its acquisition by Chinese Consortium led by Zhiyong Zhang, the chairman of Beijing Miteno Communication Technology Co. Ltd, in an all-cash transaction valued at about USD 900 million. Promoted by serial entrepreneur Divyank Turakhia, Media.net reported revenues of USD 232 million in 2015. With seven offices worldwide, Media.net has more than 800 employees, up from 650 in 2015. What is Media.net? Media.net basically does for Yahoo, what Google's Adsense software does for the search giant. Who is Div Turakhia? The Media.net press release  provides a short profile: Div Turakhia has had several lucrative exits prior to this deal. In 2014, Endurance International Group (NASDAQ:EIGI) bought four brands that he co-founded with his brother, Bhavin Turakhia, for approximately $160M. Div Turakhia started his first internet business in 1996 at age 14, made his first $1M at 18, first...