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anybody remember webshots.com? They sold the company twice, coz they bought it back from excite when it went under.
by peter123 18y ago
anybody remember webshots.com? They sold the company twice, coz they bought it back from excite when it went under.
- dcurtis 18y agoActually they sold it three times. First to Excite@Home, then CNET, then American Greetings.
- fallentimes 18y agoExcite@Home also paid $780 million for Blue Mountain.com then sold it to American Greetings for $35 million.
- ShabbyDoo 18y agoIt was sold three times. AG bought it from CNET -- the founders had nothing to do with that. Founders buying back companies for pennies on the dollar is surprisingly common. There's a 300-ish person consultancy in Cleveland with such a history . The founder cashed out twice.