Matt Bailey's affiliate blog

02 Mar, 2010

AOL lose up to $20 million on buy.at

Posted by: admin In: Uncategorized

As AOL are such a large company we get a great deal of insight into their figures.

If you dig around in this document you’ll find that AOL acquired buy.at for the princely sum of $125 million.

On page 41 of this document they reveal “On February 26, 2010, we completed the sale of Perfiliate Limited (doing business as buy.at) to Digital Window Limited for approximately $17.0 million in cash (subject to working capital adjustments). We expect to record a pre-tax loss on this sale of approximately $15 to 20 million”

Wish I had the odd $15-20 million dollars to lose like that…

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3 Responses to "AOL lose up to $20 million on buy.at"

1 | Clarke

March 3rd, 2010 at 1:31 pm

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Well spotted, you should be giving tips to our tech press here in the UK. Always good to see some facts behind a story, more of the time it’s whatever the company said that people only report.

2 | James

March 3rd, 2010 at 9:34 pm

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I’m confused $125mil less $17 mil is a loss of $108 mil – unless they’d already written down the value of buy.at by about $80 mil already? Or unless there was some other payment mechanism from Awin?

3 | sean

March 5th, 2010 at 1:26 pm

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Thanks for the info, well found.

If they brought for $125m, and sold for $17m it looks like a $108m loss to me.

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