Zooey Deschanel’s Startup Bought by Time Inc.

kim kardashian

Jess from New Girl is about to have quite the big pay day.

Zooey Deschanel, the beloved actress from films such as Elf and 500 Days of Summer, just sold the women’s website she created in 2011 with her friends Sophia Rossi and Molly McAleer. The site, HelloGiggles, takes a fun, creative approach to women’s issue and is never short on the adorable factor with its pictures of cute nail art and the Internet’s favorite subject: baby animals.

“We see the opportunity for HelloGiggles to continue to evolve and grow as a multimedia content business,” said Time Inc. CEO Joe Ripp in a release. The site provides strategic benefits including a contributor network that unlocks access to a new pool of editorial and creative talent, an expansive audience of highly-engaged consumers and experience in branded and native content solutions.”

According to Quantcast (via rushhourdaily.com), the site boasts a staggering 16 million unique visitors worldwide each month. HelloGiggles will join Entertainment Weekly and People as part of Time Inc’s “entertainment portfolio.”

The $30 million price looks good for Deschanel and her investors considering it means a 5x return.

Most recently Deschanel has starred in the hit comedy New Girl on Fox. She and new husband Jacob Pechenik have also recently welcomed a daughter this past summer.

Image via Flickr/Lee Burchfield

About News Team

Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

Have a tip we should know? tips@rhd.news

Uncategorized

Most Read

  1. News
    Pandora Papers Financial Leak Shows Us the Secrets of the World’s Rich and Powerful
    3 years ago
  2. Health
    US Supreme Court Rejects J & J TALC Cancer Case Appeal
    3 years ago
  3. Lifestyle
    9 Habits that Drain your Daily Focus and How to Avoid Them
    3 years ago
  4. BUSINESS
    Women’s Demand for Shapewear – the big Trends
    3 years ago
  5. BUSINESS
    Valentino Launches its Cosmetics Line
    3 years ago
  6. Health
    US Promises to Share 60 million Doses of AstraZeneca Vaccines
    3 years ago
  7. Health
    UK Offers Aid Amid Surging COVID-19 Cases in India
    3 years ago
  8. Sports
    Thousands of fans welcome Charlton funeral cortege at Old Trafford
    5 months ago
  9. News
    Brit left fighting for life after train derails in Argentinia
    5 months ago
  10. BUSINESS
    Dubai faces down airline rivals with $50 bln jet orders
    5 months ago
  11. Sunak
    UK’s Sunak brings back Cameron, sacks Braverman
    5 months ago
  12. Sports
    Man United’s Hojlund, Eriksen withdrawn from Denmark team duty
    5 months ago
  13. Health
    Autumn Sneezing Syndrome is on the rise… here’s what you can do
    5 months ago
  14. Canada
    Canada beat Italy to win Billie Jean King Cup for first time
    5 months ago

Follow @rushhourdaily: