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| - Rivals.com was originally founded in 1998 by Jim Heckman in Seattle, Washington. Heckman is the son-in-law of Don James, the former head football coach at the University of Washington, where Hickman attended school and was later involved in a recruiting scandal. Rivals.com employed a subscription fee of $10.00 per month to users for access to the latest recruiting news and to participate in various message boards dedicated to schools being covered by the network. With money from venture capital firms, Rivals acquired AllianceSports, a regional network that primarily covered college sports in the Southeast of the United States, on January 2000. During that period, Rivals.com employed close to 200 people, operated a network of 700 independent websites, filed for an initial public offering wo
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| abstract
| - Rivals.com was originally founded in 1998 by Jim Heckman in Seattle, Washington. Heckman is the son-in-law of Don James, the former head football coach at the University of Washington, where Hickman attended school and was later involved in a recruiting scandal. Rivals.com employed a subscription fee of $10.00 per month to users for access to the latest recruiting news and to participate in various message boards dedicated to schools being covered by the network. With money from venture capital firms, Rivals acquired AllianceSports, a regional network that primarily covered college sports in the Southeast of the United States, on January 2000. During that period, Rivals.com employed close to 200 people, operated a network of 700 independent websites, filed for an initial public offering worth $100 million, and sponsored the Hula Bowl in Hawaii. However, economic troubles soon led the Rivals Network, the parent company of Rivals.com, to seek bankruptcy protection in 2001. Executives from AllianceSports purchased the Rivals.com assets during bankruptcy proceedings and subsequently relaunched the website. Heckman, who had been fired as chief executive officer before bankruptcy, later started a competitor network initially named The Insider, which was later renamed Scout.com. Led by former AllianceSports executive Shannon Terry, Rivals.com became profitable. On June 20, 2007, Yahoo! agreed to acquire Rivals.com. Terms of the deal were not disclosed, but several sources reported Yahoo! paid around $100 million.
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