Enhanced Investments - Financial Portal

Dotdash Acquires Liquor.com

Published: 2019-10-01 12:09:00 ET

NEW YORK, Oct. 1, 2019 /PRNewswire/ -- Today, Dotdash announced that it acquired Liquor.com, the largest premium digital media company with a focus on cocktails, spirits, entertaining, and culture. Liquor.com joins Dotdash's award-winning family of properties and will be closely aligned with The Spruce, Dotdash's vibrant food and home brand, and MyDomaine, its prominent lifestyle and entertaining brand. Terms of the deal were not disclosed.

Founded over a decade ago, Liquor.com is at the center of hospitality and entertaining culture and the premier resource for spirits content, recipes, advice, and recommendations. The brand offers unique content and experiences that inspire great living for millions of casual consumers, cocktail enthusiasts, and professional bartenders each month.

"We're thrilled to add Liquor.com to the Dotdash family and are incredibly excited by the huge opportunity to continue to grow the brand, delight the cocktail community, and be the best partner for premium brands in the category," said Neil Vogel, CEO, Dotdash. "Across our brands, we are now the largest platform for spirits and cocktail content online."

Kit Codik, Liquor.com Founder and CEO, will continue to lead Liquor.com at Dotdash where he will oversee the brand's strategy and operations.

"Dotdash has built a fantastic collection of brands and capabilities that strategically complement what our team has created. As part of Dotdash, we are excited to accelerate our investment in premium content, scale our platform, and unlock the power of our brand," said Kit Codik, Founder.

The deal closed September 30, 2019.

About DotdashDotdash's vibrant brands help over 100 million users each month find answers, solve problems, and get inspired. Dotdash is among the largest publishers online, and its brands are among the fastest-growing in their respective categories. Dotdash brands include Verywell, The Spruce, The Balance, Investopedia, Lifewire, TripSavvy, Byrdie, MyDomaine, Brides, Liquor.com and ThoughtCo. Dotdash is an operating business of IAC (NASDAQ: IAC).

About Liquor.comLiquor.com is the leading media company dedicated to good drinking and great living. We inspire, entertain and educate anyone—and everyone—interested in what happens in the glass and out of it. Liquor.com helps millions of consumers each month with premium content across its various digital channels including over 100,000 professional bartenders.

View original content:http://www.prnewswire.com/news-releases/dotdash-acquires-liquorcom-300928598.html

SOURCE Dotdash

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.