42 posts and columns on AIM
News Bytethe acquisitions of the TechCrunch blog empire and video distribution start-up 5Min Media, AOL announced it had purchased Thing Labs, maker of the Brizzly family of Web-based social software. The Thing Labs team, headed by Google and Blogger vet Jason Shellen, will continue to oversee Brizzly and the integration of some of its features into AIM and AOL Lifestream. Terms of the deal were not disclosed.
While in Washington, D.C., recently, I paid a visit to Jim Bankoff, who is now helming a fascinating start-up called SB Nation, a fast-growing sports blog and news platform. With over 200 individual communities, it’s a mix of professional and user-generated content aimed at engaging passionate fans.
AOL is about to cut ties to Time Warner, and CEO Tim Armstrong has been making his case to current and potential investors. Here’s one last pitch, delivered to the crowd at the annual UBS Media and Communications Conference in New York.
AOL has hired a pair of New York investment bankers, Morgan Stanley and Allen & Co., to manage the sale of its ICQ instant-messaging unit. Sources familiar with the situation said interest in buying the asset from two major non-U.S. companies prompted execs at the online service to put a process in place for a deal that will likely occur after AOL becomes an independent company in December. AOL bought ICQ in 1998 for about $400 million–$287 million outright and $125 million in earnouts for the team. Sources said AOL to looking to recoup $300 million.