Merry Christmas! JupiterMedia Gets $100 Million Credit

Just when you think: "That´s it, there won´t be anything of importance happening today, it´s all done and said", Ron Rovtar over at the StockAsylum published today The Best of 2005... .

JupiterMedia (not JupiterImages) tops the news today with the message that it "has closed a $100 million senior credit facility" (details). The rest of the press release is somehow short and a bit blurry, but if I´m right on this (correct me if I´m wrong), the company, after repaying an indebtedness  of $53 million, "expects to use the remainder [that would be an extra cash of $47 million] for potential acquisitions."

And, if I´m right on this again, we´re not talking about acquisitions done by JupiterResearch or JupiterWeb, but by JupiterImages. But this leaves clearly room for interpretation. On the other hand, since JupiterImages has talked to a lot of the remaining big and mid-sized players in the stock photo industry, this is for sure an appropriate sum of money for proceeding the way like the company did earlier this year.

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