AOL Buys Out Patch.com, A Startup That Armstrong Invested In
PULSE2.COM - AOL has bought out a local news website called Patch.com. Tim Armstrong invested seed capital in Patch.com back in 2007. As part of the deal, Armstrong will not profit from the seed investment he put in. However, he will receive his seed capital back through AOL shares once the company separates from Time Warner.Armstrong’s seed capital was made through his private investment company...
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