The news (and public outcry) of PayPerPost acquiring Performancing.com spread like wildfire. However, the press release* issued by PayPerPost may have been premature; As previously mentioned , the acquisition was not complete. Only a letter of intent was issued.
At some point in that short period of time, either the guys at Performancing came to their senses when the deal was met with such disapproval or the folks at PayPerPost realized that two key assets and most of the Performancing followers wouldn’t be coming with the deal. In any event, the deal is off.
Lesson learned: issue a press release only after the contract is signed and the deal is final.
(*The press release has mysteriously disappeared from the PayPerPost website and no longer exists in Google cache.)
[...] Read all about it here [...]
[ January 8th, 2007 at 5:15 pm] [ #Link ]