Buying Up The Assets Of Failed Dot Coms
from the fun-for-the-whole-family dept
Apparently, it’s been a busy year for companies looking to buy up the assets of failed dot coms (for pennies on the dollar, of course). $5.4 billion was paid in the first three months of this year for the assets of 333 internet companies. Last year, a comparable number of companies were sold – but for nearly twice as much. Apparently, this year there were fewer “big deals”. Most of the asset deals were for infrastructure – as larger, surviving companies are “gearing up” for the “second wave” of internet mania. Of course, this means that if you’re a company hoping to make money selling infrastructure – you might be out of luck. Your competition is the barely used, just as good, ridiculously cheaper assets of some failed dot com.