Sale of Nullsoft To AOL
In June 1999 AOL simultaneously acquired Nullsoft and Spinner.com in a combined purchase worth approximately $400 million. In a July 21, 1999 SEC S-3 filing by AOL, the transaction was recorded as a payment of 2,863,053 shares of AOL common stock to the 54 stockholders in the two companies being acquired. On July 20, 1999, the last reported sale price for AOL common stock was $113.1875 per share. Frankel's stake of 522,661 shares in the acquisition was worth approximately $59 million.
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“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)