From
nypost.com -You pay for what you get. Arianna Huffington and Ken Lerer, co-founders of the Huffington Post, are said to be walking away with a combined $80 million to $100 million from an original $2 million per person investment -- but so far AOL stockholders aren't seeing that kind of return. Since Feb. 1, the price of AOL shares has dropped from $23.85 to $20.89 at yesterday's close. With 106.7 million shares outstanding, that means AOL has shed $315 million in value over the last five trading days -- which happens to be exactly the same price AOL agreed to pay to acquire HuffPo. More
here
AOL Stock Sheds $315 Million Since Huffington Deal
From nypost.com -You pay for what you get. Arianna Huffington and Ken Lerer, co-founders of the Huffington Post, are said to be walking away with a combined $80 million to $100 million from an original $2 million per person investment -- but so far AOL stockholders aren't seeing that kind of return. Since Feb. 1, the price of AOL shares has dropped from $23.85 to $20.89 at yesterday's close. With 106.7 million shares outstanding, that means AOL has shed $315 million in value over the last five trading days -- which happens to be exactly the same price AOL agreed to pay to acquire HuffPo. More here
Posts
0 comments:
Post a Comment