Buy.com Turned Down by Big Investment Banks
from the Amazonian-pressure dept
Supposedly, all the big investment banks have passed on a chance to take Buy.com public. The article is fairly interesting in that it first suggests it might have something to do with the company, or it’s founder Scott Blum (who has a colorful history), but then goes on to point the finger at Amazon.com and Jeff Bezos, who doesn’t appear to be a fan of Buy.com and their “Beat Amazon” goal. The suggestion is that Bezos has asked the bankers not to support Buy.com or risk losing Amazon’s business. It’s good to be the 800 pound gorilla.