Posted Saturday, April 01, 2006 6:50:57 AM by Kim
For Immediate Release
Yahoo! a global Internet communications, commerce and media company, today announced it has acquired Community MX, the world's leading online journal for web development information, tutorials, and news revolving around the Adobe Engagement Platform. The merger was announced at the winter meeting of the Community MX partners in St. Tropez, France.
"We're extremely excited about the partnership between Yahoo! and Community MX", stated Mr. Ron Feeblebrewster, Vice President for Shoveling Cash at Internet 2.0 Companies. "We feel this will be a dynamic opportunity for Community MX to become part of the wider global audience and expand their offerings outside the English-speaking world."
Ray West, titular head of Community MX, provided additional information on the merger. "Well, this wasn't an easy decision by any stretch. We're doing pretty well at Community MX, but the opportunity to take the cash and run ultimately overcame our initial reluctance. So, basically, we did it for the money."
Details on the exact price that Yahoo! paid to acquire Community MX were not immediately available, but a company spokesperson described it as "obscene".
Yahoo! announced several important changes that will take place immediately at Community MX:
- Community MX will now simulataneously publish in the English, Farsi, Portugese, Russian, French, and Flemish languages.
- All Community MX assets will be consolidated into a new high-speed data center: The Ernest T. Bass Chicken Ranch and Internet Hub in Pascagoula, Mississippi.
- Community MX operations will be consolidated into a new building to be constructed near the Yahoo! headquarters in Sunnyvale, California. "Something close, but not too close, if you know what I mean." was the direction provided by Yahoo! CEO Terry Semel when asked exactly where the sprawling enterprise might be located.
- Laurie Casolino, Operations Manager for Community MX was appointed to a new position at Yahoo!: Chief of Kicking Butts and Taking Names. Casolino's first action was to fire the manager of the corporate cafeteria for negligence when she found that decaffeinated coffee was being served.
Yahoo stock (YHOO), which had been trading at an average of $32.00 per share, immediately plunged to a historical low and was de-listed on the New York Stock Exchange.
Category tags: Community MX