Platinum WOWIO Deal Done
Submitted by Xaviar Xerexes on July 18, 2008 - 15:16
The Beat is reporting that Platinum's purchase of WOWIO is a done deal. WOWIO is also aiming to relaunch the site between July 23rd and August 4th.
According to the SEC filing, Platinum is paying 3.15 million for WOWIO -- paid in shares of Platinum with payments stretched out over the next year.




Re: Platinum WOWIO Deal Done
by Chris Cantrell - 07/19/2008 - 23:36
Paid in stock? Didn't we learn our lesson from the dot com bust about "stock" purchases of internet companies?
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