Submitted by The Standard07.18.2008
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This prediction is closed and has been judged.
Well, seems like this was only a rumor. Although, we wouldn't at all be surprised to see an acquisiton (either of or by TechCrunch) by the end of the year. The community was correct. --The Industry Standard
Well, we just couldn't resist jumping on this bandwagon.
Valleywag has it that long-rumored talks may have finally resulted in a sale:
"A startup founder tells us that, over the weekend, he and his friends overheard TechCrunch writers celebrating the sale of Michael Arrington's blog to News Corp.'s Fox Interactive unit — Rupert Murdoch's home for MySpace, Rotten Tomatoes, and other wayward websites. The source tells us that the deal has been signed, but TechCrunch is waiting for its summer party at August Capital's Sand Hill Road offices to announce it. Another source who's spoken recently to Arrington says that a deal is on."
Nick Carlson, though make a good point in that, quoting a prospective TechCrunch acquirer, "We're worried about buying it and him leaving, and we're worried about buying it and him staying."
This is a prediction that Fox Interactive and/or TechCrunch will announce and agreement by which TechCrunch will be acquired by News Corp. or a subsidiary or division thereof the parent. The transaction need not have gone through -- it needs only be announced for favorable judgement.
The August Capital party referred to above is set to take place on Friday, July 25, 2008, in Menlo Park, California. Bets will close on July 25, 2008, and judgement will occur soon after.
Prediction Statistics
| Betting Closes: | Jul 25 2008 | Current Consensus: | 7.94% | Total Bets: | 20 |
| Today's Change: | 0% | ||||
| Life Time High: | 48.75% | ||||
| Life Time Low: | 3.73% |
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A source in Newscorp denies the rumor
@TIS
There's no deadline for this prediction. There's a closing date for betting, but that's not the same thing. You probably mean them to be the same, but there's a couple of problems with that. Firstly, there shouldn't be any ambiguity in the conditions of a prediction. Secondly, if you do indeed mean Aug 18, there's no lock-in period - making this not a prediction but a mechanical exercise. If the deal hasn't happened by 17 Aug, I can bet against without any element of guessing/predicting.
@Shiv, as with any other prediction that has no strict judgement date, the convention has been that judgement can be made after closing date (no announcement made) or earlier (if announcement made prior).
Fair enough, but my second objection still stands. But still, somebody who just reads the main prediction body might be misled (jailbreaking iPhones, anyone? I dunno, they could argue that they felt that NewsCorp. will buy TechCrunch by the end of the year). Its obvious over here, but I feel that its good practice to avoid any possible misunderstanding.
@Shiv, I've alerted the editor regarding your comment here. Will be an update shortly.
@Shiv, I've gone in and made the August Capital party on Friday the trigger date. If they don't announce anything there, this will be judged at S$0.
Great, thanks
Place your bets, Shiv!
Can't. All my money is frozen - most of it in a prediction that's being judged for nearly a month now. I've only been able to play with some cash I got from a prediction suggestion, which has done remarkably well - in a month 25,000 has became 600,000. Oh well
Not sure how believeable this one is ...
http://mefeedia.com/entry/techlusive-newscrunch-debunked-part-1/10727821
http://mefeedia.com/entry/techlusive-newscrunch-debunked-part-2/10727820
http://mefeedia.com/entry/techlusive-newscrunch-debunked-part-3/10727819....
This doesn't appear to have occurred under the rules of the prediction, but we're double-checking.
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