Moxi For Sale
from the quick-endings dept
Tragically, the headline of this story doesn’t refer to the Moxi devices being for sale, but the company. We recently posted a story about how Moxi Digital is in serious money trouble, and that they were doing things that sounded as if they were getting ready to merge with another company. Now, we find out that they recently rejected a $100 million buyout offer from AOL (the company once was valued at about $267 million) and are now in discussions to be bought out by Paul Allen’s Vulcan Ventures. No matter what happens, I wouldn’t hold your breath for getting a Moxi box on your TV anytime soon.
