Let the Bidding War Begin!
Q: If you're a company that publishes around 130 85 weblogs most people have never heard of, pays few or none of those bloggers a liveable salary, and has a reported 15 employees overall, how much is your company worth?
A: $25 million, apparently.
Dot-bubble huckster turned late-blooming blog evangelist Jason Calacanis has apparently sold his Weblogs, Inc. to that Big Brother who never was, AOL. No doubt about it -- this is just fantastic news for everybody (lowly bloggers, blowsy bullshitters, '90s nostalgics, and those of us who fondly remember the days when dollar-a-word tech/biz writing assignments fell out of the sky like fat peaches from God) … with the probable exception of AOL shareholders, who arguably are getting what they deserve, anyway.
Press release here.
More reaction over at BuzzMachine.
The one Calacanis site I've enjoyed: Dallas Mavericks owner (and Weblogs, Inc. investor) Mark Cuban.
In July, I asked the eternal question: "Major media companies are investing in blogs. Is this a new boom or just a bubble?"
And fear not -- Lou Dobbs' Space.com is still publishing something amazing every day.
