Wall Street

by Mike Masnick

Google Drops Merrill Lynch

from the what-did-they-do? dept

No reason has been given, but apparently, Google has dropped Merrill Lynch from their list of underwriters which included every single major Wall Street underwriting firm, except Bear Stearns. Makes you wonder what Merrill did to upset the Google-ites. Even Goldman Sachs, who famously pissed off the Google crew and lost their spot as the lead made it to the overall syndicate. Of course, the alternate explanation is that Merrill may be making a stand and could have opted out on their own if they believe the fees they'll get won't make taking part worthwhile. Update: Turns out the answer was choice (b). Merrill has now said they dropped out after realizing the fees just wouldn't be worth it.

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  • identicon
    the know, 22 Jun 2004 @ 10:22am


    This is not a supprise to anyone that has ever done business with google. They are all about making every dollar count and squeezing the most out of the companies they do business with, to the point where you almost can't make money and still do business with them.

    reply to this | link to this | view in chronology ]

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