How incompetent is Yahoo to permit this small little company, SYNC, take away a deal worth $100 million to manage AT&T’s web portals? You have to be kidding me. But don’t worry, Marissa Mayer is on here way out, with her $55 million pay package, once she manages to sell this piece of shit.
The deal is a coup for Synacor, which has struggled over the past few years. “It puts the company on a trajectory to be three times its size in three years,” Chief Executive Himesh Bhise told our Journal colleagues. The company had a market cap of $42.3 million as of Wednesday close, according to FactSet.
Synacor will split the search and advertising revenue with AT&T. Mr. Bhise said the deal will bring in an additional $100 million a year for the company once it has fully ramped up its services for AT&T over the next year. The deal extends into at least 2019, and can be renewed each year thereafter.
Good for them.
This stock was $14 in 2012. AT&T might be making SYNC great again.
