Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Actually they sold it three times.

First to Excite@Home, then CNET, then American Greetings.



It 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.


Excite@Home also paid $780 million for Blue Mountain.com then sold it to American Greetings for $35 million.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: