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Friendster patents sell for $40M, entire company is bought for $39.5M
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Author Topic: Friendster patents sell for $40M, entire company is bought for $39.5M  (Read 329 times)
isthisthingon
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« on: August 08, 2010, 12:27:51 PM »
http://techdirt.com/articles/20100805/02320010504.shtml

Facebook bought them all up... the patents that is, not the company  ROFLMAO

Yeah um, I think things are a little out of balance with this picture  Roll Eyes
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I would love to change the world, but they won't give me the source code.
perkiset
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« Reply #1 on: August 10, 2010, 08:02:58 AM »
Defensive move. Don't want to risk your potential market cap through public due diligence during this technically-litigious period. A clever gamble.   
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It is now believed, that after having lived in one compound with 3 wives and never leaving the house for 5 years, Bin Laden called the U.S. Navy Seals himself.
isthisthingon
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« Reply #2 on: August 10, 2010, 09:24:43 AM »
Yes, it's definitely about paving the IPO path for FB, and 40M is still a reasonably small chunk for the size of their wallet - even though they haven't found a way to make money yet  ROFLMAO
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perkiset
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« Reply #3 on: August 10, 2010, 07:37:13 PM »
 Smiley Buzzmeisters always amazes me.

I'd be even more cynical if I wasn't trying to do exactly the same thing Wink
« Last Edit: August 10, 2010, 07:40:31 PM by perkiset » Logged
It is now believed, that after having lived in one compound with 3 wives and never leaving the house for 5 years, Bin Laden called the U.S. Navy Seals himself.
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