Wisdom of Verizon AOL Deal Questioned
June 16, 2015
Sarah Lacy, founder and editor-in-chief at PandoDaily, is highly skeptical of the official rational behind Verizon’s recent acquisition of AOL. She posits, “Can’t We All Agree the Justifications for this AOL/Verizon Deal are Bat#### Insane?” The post begins:
“What is it about AOL mergers that make no sense?
“I’ve spent the morning intermittently reading various reports by the financial press about Verizon’s surprise/not surprise acquisition of AOL. Early on, they seem divided on whether it was about buying ad tech or content, with many pundits saying Verizon was going the Comcast route… and then it became clear that AOL’s biggest media asset, the Huffington Post, would likely be spun off. The press was similarly divided on whether or not Armstrong was long shopping this company or simply got wowed by how awesome Verizon is during a meeting at Sun Valley.
“But everyone — including the company– insists this deal was about two buzzwords: Mobile. Video. AOL put out some dizzying justifications and everyone nodded like they totally understood.
“Wait, what?”
Lacy doesn’t buy the idea that Verizon acquired AOL for its mobile and video chops (she has a point there). In fact, it quickly becomes clear that the writer’s main problem is with AOL chairman and ex-Googler Tim Armstrong, for she spends much virtual ink delineating his errors, past and present. (She’s especially critical of his handling of the Huffington Post.) Lacy also refutes official statements about this deal one by one, comparing the whole situation to a nonsensical Lewis Carroll scene. See the article if you, too, think this deal is fishy (or if, for some reason, you desire ammo against Mr. Armstrong.)
Cynthia Murrell, June 16, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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