Msg#: 3374344 posted 8:00 am on Jun 21, 2007 (gmt 0)
Yahoo Inc. said on Wednesday it would acquire Rivals.com, a site for fans of college and high school teams, bolstering the Internet media company's place as the top U.S. sports site in audience terms.
Besides bringing Yahoo a base of 2 million to 2.5 million fans of high school and college football and basketball, the deal also is a measure of Yahoo's commitment to its media business following top-level management changes this week.
Msg#: 3374344 posted 2:04 pm on Jun 21, 2007 (gmt 0)
when suitors discovered Rivals.com's CEO's alleged criminal past as part of a pump-and-dump scam -- something he evidently failed to disclose to them. Hopefully the guy's figured out by now that it really isn't too hard to run de facto background checks on people using the web -- particularly considering it's a search company that's supposed to be the buyer this time around.
Update: Apparently the CEO in question disputes these claims and is threatening to sue TechCrunch over the initial posting.
Thats what broke the deal last time, dont know if they have worked things out since.