Aerie Networks/Ricochet Deal Falls Through, For Now
from the uh-oh dept
So, it looks like Aerie Networks attempt to buy Metricom’s Ricochet Network (and to give me back my favorite way of accessing the internet) has fallen through. They apparently couldn’t reach a deal, but are still talking. What I’m still confused about, is what was the point of the “auction”, if afterwards they’ve spent nearly a month “negotiating”. If Aerie was the highest bidder for the assets, shouldn’t they have gotten them? Why is it that Metricom is suddenly getting greedy and saying “that’s not enough!”. They’re the ones, after all, that are bankrupt. Anyway, the article also points out that Aerie isn’t the most stable company themselves, either. My ricochet is starting to look more and more like a paperweight.