AOL says F* You Arrington, does what they want since they bought tech crunch and they own it. The past shareholders have no ability to recall the buyout almost a year later and say nevermind we want our company back.
Reality is Arrington sold, Arrington started a new fund. People think this new fund will interfere with Arrington's "Editorial Independence" therefore they claim he will be gone.
At the end of the day it just does not matter that much, If Mike is who he thinks he is he could just go start another blog tomorrow and gain all the traction he wanted. His non-compete (if applicable) is probably non-enforceable after the first twelve months anyhow.
If he is not then he should just go back to his new fund and invest in some startups loudly (which is the Arrington fashion) which is probably what he will do best
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I think Arrington for got Option 3:
AOL says F* You Arrington, does what they want since they bought tech crunch and they own it. The past shareholders have no ability to recall the buyout almost a year later and say nevermind we want our company back.
Reality is Arrington sold, Arrington started a new fund. People think this new fund will interfere with Arrington's "Editorial Independence" therefore they claim he will be gone.
At the end of the day it just does not matter that much, If Mike is who he thinks he is he could just go start another blog tomorrow and gain all the traction he wanted. His non-compete (if applicable) is probably non-enforceable after the first twelve months anyhow.
If he is not then he should just go back to his new fund and invest in some startups loudly (which is the Arrington fashion) which is probably what he will do best