RAFAT ALI CALLS BUSINESSWEEK ON THEIR HYPE
Amusing post by Rafat. He calls BusinessWeek on them drumming up buyout rumors in the tech and media space. I agree that BusinessWeek is getting too excited too easily:
Is it me, or is BW absolutely desperate to whip up media buyout rumors, or rehash old ones? First it was the Facebook $2 billion valuation story, then some other wildly speculative stuff about Microsoft’s M&A ambitions, and now this almost a year-old story about Movielink-being-on-the-block-yet-not-finding-buyers story. This story says the online movie service Movielink, jointly owned by movie studios, was on the block but couldn’t find any buyers. That is true, except that formal process ended about a year ago.