8 posts and columns on Bill Nguyen
On Friday, I reported that Apple was buying Lala at a fire-sale price, which meant that investors in the music service wouldn’t get their money. I was wrong. Apple ended up paying around $80 million for the company, according to multiple sources. That’s less than half what investors valued the company at in 2008, but it’s more than the $35 million the company raised throughout its life. Which means that some investors could get their money back and more.