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Rumor: Daily Candy to Comcast for $75 Million?

July 25, 2008
by Peter Kafka
Managing Editor, Silicon Alley Insider

Peter Kafka

Daily Candy, the pioneering newsletter start-up owned by Bob Pittman’s Pilot Group Ventures, is perennially supposed to be on the block, but has yet to change hands. The newest rumor: Comcast, the cable giant with a huge appetite for digital mergers and acquisitions, is going to pick it up for $75 million. Update: People familiar with the company suggest that it’s still available, but that Pilot won’t let it go for $75 million. Pilot originally attached a $100+ million price tag to the property in 2006, and we’re told they’ve had offers above that range this year.

Both Comcast and Daily Candy aren’t offering comment on the report, but we’ll keep poking around.

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