(Skipping a bunch of links — you’ll thank me later)
So WOWIO went and bought itself Drunk Duck a few days ago; formerly purchased by Platinum (which also previously owned Drunk Duck), WOWIO was apparently spun off some time ago, although it appears to still be owned by the same people that own Platinum. From my perspective, it appears that Platinum sold off a portion of itself to a portion of itself that it previously sold to itself? Insert obligatory incest reference here.
If you want to actually understand less of the deal than I do, you can watch to WOWIO/Platinum (remember — they’re different companies now) honcho Brian Altounian talk with MoneyTV on the acquisitions (thanks to Rob Tracy for pointing me to the video). But first, a disclaimer about MoneyTV …
Self-described as The longest running business television program of its kind, MoneyTV interviews CEOs of companies, having first agreed on the parameters of the interview:
We will research your company and create the questions to be asked during the 11-minute interview, providing them to you in advance for your review and approval. [emphasis mine]
puff piece hard-hitting news investigation of your company can be yours for the low, low cost of $11,500. Presumably if you throw them enough money, they’ll get the Slap Chop guy to talk about how awesome your company is.