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IAC/InterActiveCorp Message Board

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  • personalandy personalandy Apr 3, 2008 9:09 AM Flag

    IACI selling Ent Pub?

    They have been trying to sell EPI for well over 1 year. The asking price has fallen by $150M. They still haven't been able to sell it despite writing down the value of the business by over 80%! Tough buy, Barry!

    As I heard from a prospective buyer following a sales presentation last year "that was the most under-qualified management team (CEO/CFO/COO) I have ever seen. Not only did they not have any true knowledge of the business, they showed no intellectual capability."

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    • Not surprised.

      All new mgt team helps explain them being underqualified.

      Sounds like they have no idea which direction to take the company - paid advertising model, sell direct to consumers, get away from nonprofits and make higher % per book sold, etc.

      Not good - time for IACI to dump that old school company and stick with what they know!

      It will go for very low price.....

    • I am guessing that the "prospective buyers" that you mention were former EPI employees?

      A few companies comprised of past employees have begun sniffing around lately.....apparently, they are the only ones even remotely interested in buying EPI.

 
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