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This is a bit off-topic, but what struck me in this article was the fact that AOL overpaid for Bebo by $550 million. Why isn't there an eBay for companies? The
by dpatru 15y ago
This is a bit off-topic, but what struck me in this article was the fact that AOL overpaid for Bebo by $550 million. Why isn't there an eBay for companies?
The bidding for Bebo was mediated by Allen & Co. “They just ran circles around us. It was media guys trying to grab an internet company and they didn’t know better.” The final purchase price was $850 million dollars. “I later learned that the only other serious bidder, Sony, stopped at $300 million. They basically had us bidding against ourselves.”
- gravitronic 15y agohttp://www.flippa.com http://www.flippa.com is sort of like an ebay for websites. And, just like ebay, it's mostly full of (literally) derivative products sold via a combination of SEO and regurgitated ideas. It's interested to check out if you haven't seen it before, though.
- qq66 15y agoThese types of sites can be very profitable if you operate a fleet of thousands of them and have automated tools to manage updates etc. to all of them.
- Hisoka 15y agoI think investment banks fulfill that purpose
- dpatru 15y agoPresumably Allen & Co (the "mediator" in the deal where AOL overpaid by $550M) is an investment bank.
- joelhaus 15y agoThese guys are one of my favorite startups, somewhere between Flippa and an investment bank: https://www.secondmarket.com/ https://www.secondmarket.com/