As "guardian " said, we have to look deeper into a company if we are about to evaluate it. It's not even close to a small site earning 1,000 - 2,000$/month. It's a full company with property and personell. Economists should know better...
If I have that amount of money to spend on website I will buy a company, promote it on right way and built company structure (like google in smaller dimensions). It is all about work, but spending that enormous amount of money is simply not profitable. Who can buy that kind of sites is guys that love sites and never succeed with it but succeed with something else (like R.Abramovic who buy Chelsea only for pleasure not much about money for him).