Return of The Kings

Return of The Kings: "The money raised by Internet stock offerings was astounding: $3.2 billion in 2004, up from $278 million two years ago. The fire-sale private mergers of yore have been extinguished, too. According to Thomson Venture Economics and the National Venture Capital Association, the average Internet company that was bought went for $132 million last year, nearly five times as high as in 2002. In May Symantec paid $370 million for spam-catcher Brightmail. Amonth later Time Warner's AOL division paid $435 million for Advertising.com."