JohnnySavage
Literotica Guru
- Joined
- Aug 25, 2008
- Posts
- 44,472
At 12:49 on CNNMoney, regarding AOL selling it's patent portfolio to Microsoft:
Yahoo (YHOO, Fortune 500) or Facebook would have been other likely buyers, but both are in unique situations that probably curbed their abilities to pay what Microsoft did for AOL's patent portfolio.
Yahoo is in the middle of a complete overhaul, while Facebook is in the process of offering its stock to the public. It's probably not looking to deplete its $3.9 billion cash stash on major acquisitions right now.
Breaking news on CNN.com at 1:30:
Facebook agrees to buy photo network Instagram for $1 billion in cash and stock.
Journalists are such douche bags.
Yahoo (YHOO, Fortune 500) or Facebook would have been other likely buyers, but both are in unique situations that probably curbed their abilities to pay what Microsoft did for AOL's patent portfolio.
Yahoo is in the middle of a complete overhaul, while Facebook is in the process of offering its stock to the public. It's probably not looking to deplete its $3.9 billion cash stash on major acquisitions right now.
Breaking news on CNN.com at 1:30:
Facebook agrees to buy photo network Instagram for $1 billion in cash and stock.
Journalists are such douche bags.