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IB deal is done, merger approved by shareholders today

Discussion in 'Off Topic' started by AnthonyCea, Dec 17, 2010.

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  1. AnthonyCea

    AnthonyCea Well-Known Member

    Hellman & Friedman Capital is the proud new owner of Internet Brands, Inc., but the song remains the same with Bob Brisco getting an employment contract to run the company for the private equity firm.

    http://investors.internetbrands.com/secfiling.cfm?filingid=1104659-10-63107

    The majority shareholders (IdeaLab and Bill Gross) all voted in line as expected approving the sale of IB.

     
  2. JVCode

    JVCode Well-Known Member

    So nothing will change lol.
     
  3. AnthonyCea

    AnthonyCea Well-Known Member

    Bill Gross sure wanted to get the hell out while he could, you have to give him a lot of credit for sure !!

    Gross escaped by the skin of his teeth, look at where IB was heading a few days before the deal was cut.
     
  4. Peggy

    Peggy Well-Known Member

    do teeth actually have skin? Just curious. Carry on.................
     
  5. AnthonyCea

    AnthonyCea Well-Known Member

  6. Peggy

    Peggy Well-Known Member

  7. Anthony Parsons

    Anthony Parsons Well-Known Member

    Poor VB... as a subsidiary of all this nonsense... they and their clientele will continue to suffer with more management issues. Even though Bob is left in charge for a period to run things, the owners will begin sticking their noses in over that period to see the true issues... and WOW... what will they do when they really get to the true VB side of things? :eek:
     
  8. Peggy

    Peggy Well-Known Member

    cringe........ ?
     
    Anthony Parsons likes this.
  9. OSS 117

    OSS 117 Well-Known Member

    They could make it better after they cringe or continue to do what IB has done.
     
  10. AnthonyCea

    AnthonyCea Well-Known Member

    The entire Board of Directors was changed, but Bob Brisco signed a long term contract to run IB and will remain a large shareholder in the new entity.
     
  11. FreshFroot

    FreshFroot Well-Known Member

    hmm wonder what actions will be taken place now.
     
  12. AnthonyCea

    AnthonyCea Well-Known Member

    Most likely, no changes will happen with vB unless they sell the company (vB Solutions).
     
  13. Peggy

    Peggy Well-Known Member

    Meaning nothing will change.
     
  14. Itworx4me

    Itworx4me Well-Known Member

    Unless we continue to spread the word about how Wonderful Xenforo is....:D
     
  15. Peggy

    Peggy Well-Known Member

    I am... I am!!
     
  16. AnthonyCea

    AnthonyCea Well-Known Member

    Bill Gross is one happy camper, he sold off Bob Brisco to other investors !!

    Talk about pulling a rabbit out of your hat, the former Board did just that by cutting the deal just in time before the entire house of cards fell, Brisco has to be one of the luckiest men in the world at this point in time.
     
  17. Carlos

    Carlos Well-Known Member

    Uh. Pardon me, but who's Bill Gross? o_O
     
  18. AnthonyCea

    AnthonyCea Well-Known Member

    The founder of Internet Brands, Inc. and the majority shareholder.
     
  19. Shelley

    Shelley Well-Known Member

    wasn't he founder of microsoft? :( I could be wrong, might even be Apple. Are you sure about this anthony?

    *chuckles*
     
  20. Peggy

    Peggy Well-Known Member

    Gates........ GATES....... get your Bills right.

    I really need to shuddup and get ready for work now, lol.
     
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