Tuesday, January 7, 2014

OMG: AOL Tried to Buy Business Insider for $100M+

AOL Inc. (AOL) offered to purchase BusinessInsider.com, a popular business and technology news website, for more than $100 million but talks ultimately broke down when the two sides couldn’t agree on price, the FOX Business Network reports.

The early stage discussions took place during the second half of 2013, with AOL considering the possibility of paying between $100 million and $150 million, according to a person with direct knowledge of the matter. The talks ended after officials at Business Insider indicated they wanted a more lucrative offer, this person said.

It must be THE POSTER that AOL wants.


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