Tim Armstrong Must Be Mad as Hell; Will He Take It Anymore?

You win some, you lose some. The question is how many Tim Armstrong is willing to lose before saying sayonara to AOL. Yahoo today will announce that it has acquired VC-backed “open content” platform Associated Content for what reports are pegging at around $100 million. It had raised $21 million from Armstrong, Softbank Capital and Canaan Partners. Associated Content, which pays an enormous army freelancers to generate search-engine optimized content on the cheap, has held talks with various acquirers for years -- including with Armstrong on behalf of AOL. But, according to Silicon Alley Insider, in which Armstrong is also an investor, he was shut down by Time Warner when talk of buying Associated Content picked up late last year.

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