Friday, March 14, 2008
Is KickApps Next to Board AOL’s Gravy Train?
While a lot of focus yesterday has been on the gobs of cash that Time Warner shareholders now have to fork over to social networking site Bebo, which was bought by its AOL division for $850 million in spite of low revenues, sources close to the company tell me another big deal is in the hopper and at another lofty price.
Sources say that AOL has been seriously mulling the acquisition of KickApps, which makes white-label social widgets, apps and communities for various companies and helps monetize them, for a reported price of $90 milion.
