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

10 points| sixQuarks | 10 years ago |nytimes.com | reply

4 comments

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[+] jmiwhite|10 years ago|reply
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...

[+] sixQuarks|10 years ago|reply
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.
[+] dang|10 years ago|reply
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

[+] sixQuarks|10 years ago|reply
good point, thanks for the clarification