Reuters minority investment in Moreover.com

["Nick " <nicknotned@yahoo.com>]

--- In syndication@egroups.com, "Dave Winer" <dave@u...> wrote:
> Well they're not buying the business, presumably, they are minority
> shareholders.
> 
> What are their motives? 

Dave -

Yes, Reuters Venture Capital is a minority investor in Moreover.com. 
So they are not doing a Microsoft on us.

As for motives... financial return is the main one, but Reuters also 
has a track record of "tech hedging". Even if the information 
industry is turned on its head, Reuters will still do well from a 
portfolio of venture investments that includes companies such as 
Epicentric and Moreover.com, not to mention Yahoo!

And Reuters does want to keep up with what we're doing on the XML 
front...

Some more background here:

Scoot scoops Loot and Moreover.com lines up big bundle
http://c.moreover.com/click/here.pl?e7560671      
CBS MarketWatch

Nick

. . . . . . . . . . . . . . . . .
Nick Denton - CEO
Moreover.com - the webfeed company
email: nick@moreover.com
pager: pager.nick@moreover.com
415-577-8588 (US)
07092-248600 (UK)
favorite webfeed:
http://www.moreover.com/searchengines/