Friday, May 5, 2017
Leaf Group Acquires Deny Designs
Santa Monica-based Leaf Group, which is led by Sean Moriarty, said on Thursday that it has acquired home decor brand Deny Designs. Leaf Group said it paid $12.0M for Deny Designs, split between $6.7M in cash plus approximately 215,000 shares of its common stock. Deny Designs was based in Denver, Colorado. Leaf Group disclosed the sale in its first quarter 2017 results, where it reported a net loss of $10.0M on revenues of $27.238M. Leaf Group was formerly known as Demand Media.