Glam to Turn Down $1.3 billion?

Filed as News on May 29, 2008 2:22 am

VentureBeat reports that Glam have been offered a whopping $1.3 billion in an acquisition bid. Who it is that wants to spend this kind of money isn’t stated in the story, but apparently it seems that the bid will be turned down:

Glam’s investors are unlikely to do so because they see a bigger opportunity for Glam to build a large business for high-end display advertising, the source said. Some critics will say Glam will be foolish for not accepting such an offer.

Duncan Riley doesn’t think that the offer is so high, read his analysis for more.

It’s obvious that there’s still a lot of spending urges going on in the new media sphere. Obviously, the various companies are seeing opportunities in the ever growing online business, so it’s hard to believe that there’s a recession in the US at the moment, at least when looking at it from the outside.

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