It's chartered (and flush with $293Mil cash) with the express intent of acquiring and operating media assets. That could be social apps, but also cable channels, or other things. It is NOT just a social app. It will raise more money and begin announcing acquisitions soon. Initial valuation posted at $1.7B....
It's chartered (and flush with $293Mil cash) with the express intent of acquiring and operating media assets. That could be social apps, but also cable channels, or other things. It is NOT just a social app. It will raise more money and begin announcing acquisitions soon. Initial valuation posted at $1.7B....
When I saw the announcement earlier I was hoping for a news channel. Wouldn't it be nice if they bought Fox or CNN and sent out all those pink slips?