Gore originally bought NewsWorld International for about $70m, and probably spent another $100m or so on it to turn it into Current TV, along with an “investor group” of his sucker buddies.
So I’m thinking he is taking a big loss on selling what remains of Current TV, because on the real market, its value is maybe in double digits a lot lower than he is getting from al-Jazeera.
On a small scale, he has just sold them a turkey, and it was also just announced that Time-Warner is no longer going to carry Current TV.
So the Arabs are already losing big time on the deal.
I agree ‘yefragetuwrabrumuy’ : It looks like Current had a profit of about 2.4 mil per year, so they paid 200 times what it was worth....Pay off??