Smith’s hedge fund firm, Starboard Value, posts another win by pushing the office supplies giant to merge with rival Office Depot in a pending $6.3 billion deal.
Fund run by Ramius is unlikely to back off on changes it seeks at the former Internet juggernaut, judging from the fund’s activist track record at 30 other companies.
The Huffington Post has successfully marshalled a wave of emotion which connects it to a larger community of like-minded individuals. That’s a powerful business model.
AOL’s purchase of the Huffington Post is a good deal for co-founder Arianna Huffington and angel investor Ken Lerer, who took a gamble on the Web start-up six years ago.
