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US: AOL lets Business Insider off the acquisition hook

 |  January 7, 2014

AOL Inc. has reportedly failed to acquire BusinessInsider.com after a $100 million offer for the website proved inadequate, reports say.

AOL reportedly held acquisition discussions with Business Insider in the second half of last year to acquire the company for a price between $100 million and $150 million; one source says the website was looking to sell for a figure closer to $250 million.

The breakdown of buyout talks means Business Insider.

AOL has not confirmed or denied the reports of the buyout attempt. The veteran web conglomerate acquired the Huffington Post in 2011 for $315 million in efforts to boost its content provider ownership, say reports.

Full Content: Fox Business

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