DoCoMo Pulls the Plug on AOL
Chalk, cheese and lost opportunities: DoCoMo has ended its mystery-laden, Internet Bubble-popped tie up with AOL after deciding that it couldn’t make any money with them, and it’s flogging its entire barrow load of stock (its 42.3%) holding back to AOL at, SURPRIZE, a good deal less than the $100 million it was reported to have paid. So are minority shareholders Mitsui & Co. and the Nihon Keizai Shimbun Inc. In fact the Nikkei put it this way, we…”were exploring new services that would link personal computers and cellular phones over the Internet, but NTT DoCoMo has concluded that the venture is unlikely to become profitable.”