Sunday, April 26, 2009

Blinkx Acquired 100% of Zango’s Assets

I've seen a number of online articles (here and here, for instance), which say that Blinkx has acquired only "ten percent" of Zango's assets. This wouldn't be the first time that a corporate spokesman has honestly misunderstood the actual state of affairs, or has been badly misunderstood by the reporters to whom he was speaking. So I don't want to jump to any conclusions. But I should be clear that Blinkx acquired fully 100% of Zango's assets. As a Zango shareholder, I now own a percentage of precisely nothing, and the banks have nothing left of Zango's which they can sell. Blinkx owns it all.

In addition, there have been postings on various forums which indicate that Zango's assets were purchased by a company called "Pinball". In this case, not being a Blinkx insider, I'm not entirely sure of the relationship between Pinball and Blinkx: Pinball may be a subsidiary of Blinkx, a DBA, or something else. But Zango's assets were acquired by Blinkx, not some hitherto unknown company, so it's clear that the corporate "thing" that is Pinball is not appreciably different from the corporate "thing" that is Blinkx.

I should note that Zango itself had a variety of subsidiaries and brands, such as Hotbar, SmartShopper, Platrium, and so forth, so there's nothing necessarily nefarious in Blinkx doing this – unless, of course, they're trying to obfuscate or deny their involvement. But that would sure seem like a foolish thing for a public company to do.

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