You're probably thinking AOL. AOL bought patch.com for hyperlocal and failed, laid off staff in an attempted turnaround, failed the turnaround, then sold to it

You're probably thinking AOL. AOL bought patch.com for hyperlocal and failed, laid off staff in an attempted turnaround, failed the turnaround, then sold to it to an investment firm www.forbes.com/sites/jeffbercovici/2014/01/15/aol-hands-off-patch-to-turnaround-firm-hale-global