The worst acquisition from the first dotcom boom – Blue Mountain Arts(nytimes.com)

10 pointsby sixQuarks11 lat temu4 comments

The worst acquisition from the first dotcom boom – Blue Mountain Arts

http://www.nytimes.com/1999/10/26/business/excite-home-to-acquire-bluemountain.html

2 comments

Further context:

http://www.nytimes.com/2001/09/10/business/e-commerce-report...

"American Greetings said Thursday that it has acquired Blue Mountain Arts, the struggling online greeting division of Excite@Home, for $35 million in cash"

http://www.cnet.com/news/american-greetings-buys-excite-unit...

sixQuarks11 lat temu

oh yeah, I forgot how it imploded so soon after the acquisition. I knew it stuck out in my head as the worst acquisition for a reason other than the price paid, especially the cash part - $350M in cash.

dang11 lat temu

Please don't editorialize the titles of stories you submit here. If you want to comment on a story, the way to do so is by posting one to the thread; that way you're on a level playing field with everyone else.

https://news.ycombinator.com/newsguidelines.html

sixQuarks11 lat temu

good point, thanks for the clarification