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Tagged: buyout

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April 18, 2012
19:47 • 1 year ago

Facebook’s Board of Directors were never included in negotiations for the company’s purchase of Instagram, according to a report in the Wall Street Journal. The paper claims CEO Mark Zuckerberg spent three days hashing out details of the sale with Instagram founder and CEO Kevin Systrom personally, fearing that the involvement of lawyers would scare him away from the sale. Although Facebook’s board was given a chance to vote on the purchase, sources close to the company say that it was a largely-symbolic one. Zuckerberg owns a majority of the voting rights. He can do that. source

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September 9, 2011
19:25 • 1 year ago

shortformblog:

Good freaking god, could you imagine? Yahoo and AOL together would be like Scott Baio and Tony Danza doing a sitcom together. It’d be diminishing returns all around. It’d be a sitcom on ABC Family instead of ABC, trying its best to win a smaller audience than either star once had, and the jokes will almost certainly feel old and worn by the time they make ‘em. On the other hand, we really like AOL’s current editorial-leaning direction, but Yahoo has not done anything of note since around 2000. AOL would strip Yahoo of most of the extra crap and turn it into a big advertising company. How would this work? And why is AOL acquiring so much stuff right now? And would Tim Armstrong boot out Carol Bartz? We wanna know what Alec Baldwin thinks of all this. source

We posted this a year ago. And suddenly it’s relevant again now that Carol Bartz is out. We’re reblogging it so we don’t have to repeat the joke we made the first time. Though we guess you could probably argue that a sitcom version of this merger actually exists. It’s called Melissa and Joey(thanks ProducerMatthew)

November 6, 2010
19:38 • 2 years ago
October 13, 2010
21:49 • 2 years ago

Good freaking god, could you imagine? Yahoo and AOL together would be like Scott Baio and Tony Danza doing a sitcom together. It’d be diminishing returns all around. It’d be a sitcom on ABC Family instead of ABC, trying its best to win a smaller audience than either star once had, and the jokes will almost certainly feel old and worn by the time they make ‘em. On the other hand, we really like AOL’s current editorial-leaning direction, but Yahoo has not done anything of note since around 2000. AOL would strip Yahoo of most of the extra crap and turn it into a big advertising company. How would this work? And why is AOL acquiring so much stuff right now? And would Tim Armstrong boot out Carol Bartz? We wanna know what Alec Baldwin thinks of all this. source

 

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