4 ms·
The worst acquisition from the first dotcom boom – Blue Mountain Arts
- dang 11y agoPlease don't editorialize the titles of stories you submit here. If you want to comment on a story, the way to do so is by posting one to the thread; that way you're on a level playing field with everyone else. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- sixQuarks 11y agogood point, thanks for the clarification
- jmiwhite 11y agoFurther context: http://www.nytimes.com/2001/09/10/business/e-commerce-report-possible-sale-blue-mountain-arts-could-lead-end-free-online.html?pagewanted=all http://www.nytimes.com/2001/09/10/business/e-commerce-report... "American Greetings said Thursday that it has acquired Blue Mountain Arts, the struggling online greeting division of Excite@Home, for $35 million in cash" http://www.cnet.com/news/american-greetings-buys-excite-unit/ http://www.cnet.com/news/american-greetings-buys-excite-unit...
- sixQuarks 11y agooh yeah, I forgot how it imploded so soon after the acquisition. I knew it stuck out in my head as the worst acquisition for a reason other than the price paid, especially the cash part - $350M in cash.