Easy Prediction: Google Not Going To Buy Dow Jones
from the they-can-do-anything dept
The fate of Dow Jones is very much in flux at the moment, with many predicting that News Corp. will ultimately be successful in its pursuit, despite the Bancroft family's initial opposition. As we mentioned yesterday, the deal has significance beyond the two companies, and some are wondering whether another party will come in and save Dow Jones. Naturally, a lot of names are being thrown around, including GE, private equity firms, and other newspaper companies, like the Washington Post. Oddly, a few people have thrown out the idea that Google could show some interest in the company. This is, to put it succinctly, never going to happen. Anyone who thinks that Google would shell out billions of dollars for a newspaper company doesn't realize what business Google is in, or, at the least, doesn't understand its business model. At this point, it seems like the name Google is just thrown around because it's a huge company with a pile of cash, rather then there being any logical reason for it. So if you're closely following this story, this is one rumor that you can safely ignore
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Google FTW by Buzz on May 2nd, 2007 @ 7:49pm
Google helps FIND information... it doesn't CARRY it. :P
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how about yahoo? by nonuser on May 2nd, 2007 @ 7:58pm
Agree it makes little sense for Google. But Yahoo is more of a portal than a search engine, and as the second or third horse in the race it could use a game changing device.
IAC is also lurking out there.
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The search begins by Svante Jorgensen on May 2nd, 2007 @ 8:27pm
If you can find a company that Google is _not_ rumored to buy, see that would be news!
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Re: The search begins by Charles Griswold on May 2nd, 2007 @ 11:08pm
Asia Carrera Productions?(reply to this comment) (link to this comment)
Dumbass by Anonymous Coward on May 2nd, 2007 @ 11:41pm
Ever heard of Google cache?
It's the thing most of the companies get mad about when they say google is holding their information.
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Re: how about yahoo? by Bill on May 3rd, 2007 @ 5:21am
Just read on Briefing.com that the word is they're talking to Thomson Corporation, Reuters and Yahoo. The Bancroft family is shopping the company to see what the value is in the company.
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stupid, pointless article by Bill on May 5th, 2007 @ 2:17pm
This is, to put it succinctly, never going to happen. Anyone who thinks that Google would shell out billions of dollars for a newspaper company doesn't realize what business Google is in, or, at the least, doesn't understand its business model. This article from Joe is somewhat emblematic of the problem I have with lots of Techdirt articles. The bombastic statements of "fact", the pointing out of some previously unnoticed "error" on the part of someone and the lack of information to back up the story. If Joe had included what Google's business plan is, what business Dow Jones is in and why these two would be incompatible we, the readers, could maybe have learned something from him. Instead it's kind of a taunt over a possible mistake but I'm not convinced there was a mistake because I haven't learned anything about the issues.
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