http://localonliner.com/2009/06/11/aol-brings-in-armstrong%e2%80%99s-patch-plus-goingcom/ Peter Krasilovsky's Thu, 02 Feb 2012 19:44:34 +0000 hourly 1 http://wordpress.org/?v= http://localonliner.com/2009/06/11/aol-brings-in-armstrong%e2%80%99s-patch-plus-goingcom/comment-page-1/#comment-181402 Peter Fri, 12 Jun 2009 15:50:13 +0000 http://localonliner.com/?p=1854#comment-181402 Kara Swisher at AllThingsD <a href="http://kara.allthingsd.com/20090611/back-to-the-future-aol-adds-local-with-two-acquisitions-including-ceos-start-up/?mod=ATD_iphone" rel="nofollow">says</a> that each company cost AOL under $10 million. Armstrong, in a note to AOL staffers that was published on PaidContent, only confirms that he did receive "return on investment" for Patch, which he is taking in AOL stock once the company is spun off. This was apparently done to avoid any sense of a conflict of interest. A separate note on the Paid Content site --anonymous -- says that Going.com's investors put $10 million into the company, and had been "shopping" it for nine months. Kara Swisher at AllThingsD says that each company cost AOL under $10 million. Armstrong, in a note to AOL staffers that was published on PaidContent, only confirms that he did receive “return on investment” for Patch, which he is taking in AOL stock once the company is spun off. This was apparently done to avoid any sense of a conflict of interest. A separate note on the Paid Content site –anonymous — says that Going.com’s investors put $10 million into the company, and had been “shopping” it for nine months.

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