HandHeld entertainment to Acquire eBaum's : HandHeld Entertainment, Inc., a global digital entertainment company, announced that it has entered into a definitive agreement to acquire eBaum's World, Inc., one of the Internet's premier online entertainment sites, offering user-generated videos, games, jokes, photos and other content. Founded in 1998, eBaum's World is one of the oldest and most successful user-generated content (UGC) sites in the world, generating approximately $5.2 million in revenue and $1.6 million in net income before income taxes in 2006. During the last 12 months, eBaum's World served more than 2.5 billion unique page views and video streams, with an average time on site per user visit of more than 10 minutes.
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