Successful Exit: Nasdaq Company Demand Media Inc. Acquires Saatchi Art

Los Angeles/ Berlin, August 15, 2014. Project A Ventures announces that its portfolio company, Saatchi Online Inc., has been acquired by the Nasdaq-listed leading media company Demand Media, Inc. Demand Media had acquired Saatchi Online, which operates Saatchi Art a leading online art gallery, for approximately $17 million comprised of a mix of cash and stock.

Saatchi Art is home to more than 45,000 artists selling their original work on the site. In the past six months, artwork has been sold to buyers in 77 countries on behalf of artists in 95 countries.

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