Behind the Acquisition, Volume I: SideStep buys TravelPost
Quick, guess the travel startup getting bought today! (Update: It's TravelPost, bought by another startup, SideStep.) A reader tells Valleywag:
A web 2.0 acquisition is going to happen tomorrow morning in the online travel space. It's a desperation move to avoid the dot com deadpool; it's worth under $4 mil.
How much dirt should I give you? The employees are getting screwed, the per share value is next to nothing. Of course, the non-technical, MBA visionary who started the company will walk away with real money and a golden parachute.
Aw, it's always the useless business guys who cash out, innit? If you know more, e-mail tips@valleywag.com.