http://scholarlykitchen.files.wordpress.com/2011/09/sk_2011banner.jpgBy . Confirming earlier speculation, Elsevier has acquired the reference management site Mendeley. Terms were not disclosed, but TechCrunch has estimated the deal to be worth between $69 million and $100 million in total. That’s approximately $30-45 per user. Given revenues that seem to be relatively slight at this point, Elsevier appears to have paid a significant multiple for Mendeley.
From Elsevier’s perspective, the deal is accurately described as, “Elsevier Acquires Mendeley.” However, because Mendeley has been a darling of open access (OA), which inevitably brings with it some anti-Elsevier sentiments, the deal may also be interpreted as, “Mendeley Sold Itself to Elsevier.” Read more...