red sox 777 posted...
I've gotta wonder if there was more to the story (like Gamefaqs had racked up a lot of debt prior to 2003- though I'm not sure what would create capital expenditures for which Gamefaqs would need a lot of debt), because 2.2M seems jawdroppingly low for this site at the time. It was still growing rapidly at that point. Sucks to sell at a general market bottom I guess.
I don't get the impression that CJayC was a terrific business man and I don't imagine CNET wanted to spend a ton of money on this site. I don't know every detail but it looked like he got his millions and got to keep his job and whatever that entailed for compensation.
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Donny: Are they gonna hurt us, Walter?
Walter: No, Donny. These men are cowards.