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I'm guessing that he thinks if it continues like this CN is going to start actively looking to divest themselves of Reddit. By posting like this he's making it
by bmcleod 16y ago
I'm guessing that he thinks if it continues like this CN is going to start actively looking to divest themselves of Reddit.
By posting like this he's making it even worse for them in terms of publicity so there is a good chance they'll want to do so more.
The two outcomes in this situation seem to be:
A) The nature of the offer and the awkward position it puts CN in causes them to take a lower offer sooner than they might otherwise.
B) Offer never amounts to anything beyond a bit of free publicity for a few of Ben Huh's sites.
So in either case Ben Huh comes out ahead and didn't have to invest masses of time in "serious" dealing that might have lead to him getting Reddit but for a higher price.
- jacquesm 16y agoThat's a good explanation. I figure if Conde Nast is going to sell reddit they'll want a premium compared to what they paid for it, given the growth of reddit that could be a substantial premium. I believe they paid something like 12.5 million (But I've also seen much higher figures, also unsubstantiated). So my guess is that if they do want to divest they'll sound out the higher segment of the market first to see if there are any takers.