AOL CEO Tim Armstrong has learned that Wall Street will tolerate big, multi-hundred million dollar bets on content if he can, simultaneously, figure out ways to sell AOL’s non-strategic assets and share some of the cash with shareholders.One of these non-strategic assets on the block is Mapquest.
Apple has removed Google Maps as the default mapping app from its iPhone, and is already getting tons of blowback for having an inferior product. It’s no wonder: We learned that Google has something like 7,000 people (full timers and contractors) working on its maps. Clearly Apple needs some help.
The no-brainer deal here is for Apple to buy Mapquest, right? For maybe $100 million?
Tims Cook and Armstrong! Let’s get this thing done. Our finders fee is negotiable. You know how to reach us.