Bankaholic.com sold for $15M

Bankaholic.com (blog about banking, financial news, credit) just got sold for a cool 15 million US dollars. The site is being maintained by a single person — Johns Wu. From what I’ve read on my email, Johns started the site to provide financial for students going into college. It seems that Bankrate has acquired the blog site and according to the agreement Johns Wu will continue to maintain the blog even after the acquisition.

Wow, this is the first time I’ve heard of a blog being sold for 15 million. Look’s like Johns won’t be having any more money problems not that his site isn’t making him a bundle right now.