Tag Archive | "acquisition"

Santa Claus finally sells out; cashes in


This Christmas, you might notice something a little different when you look up into the sky and see Santa and his reindeer in flight delivering presents to children all over the world.

In an unprecedented partnership, global shipping giant FedEx® has agreed to become the official sponsor of Santa Claus.

For years, financial analysts have been puzzled with how Santa’s operation could remain profitable with labor and production costs continuing to skyrocket. Read the full story

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Posted in Gadgets & Gizmos, World NewsComments (0)

GlossyNews.com Is Under New Ownership


Effective as of midnight, GlossyNews.com is under new ownership. Editor Brian K. White has been relieved of his duties and a new editorial team will be shaping coverage from here out.

The sale had been in the works for some time. Media empire The Blaze Inc. is the purchaser, and while the sum paid is undisclosed, it is rumored to be in the four to five figure range. Read the full story

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Posted in Books, Newspapers & Misc, Internets TubesComments (3)

Crazy Woman Buys AOL for Fair Market Value: Negative $315 Million


It’s already being called the deal of the century, and there are still eighty-nine years to go. Liberal news aggregator and alleged Gabor sister Arianna Huffington now owns AOL.

Media watchers are at a loss to explain what happened or why it happened. Some experts talk of a rapidly changing era of mass communication not seen since Steve Guttenberg invented the printing press. Others maintain the usually savvy Huffington has made a fool’s bargain this time. Read the full story

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Posted in Books, Newspapers & MiscComments (2)

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