Wednesday, November 18, 2009
AmEx: Say We Want a Revolution
AOL moguls Steve Case and Ted Leonsis are smiling into their cornflakes this morning. Moments ago, American Express announced plans to acquire Revolution Money, the online payments outfit they’ve been working on since 2007, for about $300 million.




For a company whose business is built on the recession-brutalized fine-dining industry, OpenTable’s IPO last week was impressive. Must have made for quite a windfall for the company’s larger investors. Especially those who took the opportunity to dump their stakes in their entirety.