AT&T Drops @Home Deal

December 4, 2001 7:55 AM

Ayeeee... just when things were looking up again for @Home customers, AT&T this morning announced that they have withdrawn their bid to buyout Excite@Home. That could be bad.

Steve Gibson

Steve Gibson is the cofounder of Shacknews.com. Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.

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TK-421

 reply
December 4, 2001 7:57 AM

There goes the @Home Board's chance of even recovering .10 for every million they invested..
That lawsuit to prevent the buyout was just a waste of time..
- The_FrO
  
   reply
  December 4, 2001 9:15 AM
  
  Yeah... those guys were complete morons. I doubt anyone will buy out @home now... meaning those investors are going to be royally screwed
- hirez
  
   reply
  December 4, 2001 9:18 AM
  
  agree'd. They screw over everyone, just for a (very miniscule) chance for more money. and whooops, it looks like they wont even get 1/2 of what AT&T was going to give them. Idiots. "Waaaah, I made a bad investment, I want some money back"
- project13
  
   reply
  December 4, 2001 9:32 AM
  
  That's what the idiots get. AT&T put in a bid, and these bankrupt mofos say "not good enough". Whatever. They should taken it when they had the chance.