AOL's PATCH gutted, to be reconfigured by Hale Global

Hale Global has a LOT of work to do with Patch
AOL sold a majority stake in its 900 PATCH news outlets to Hale Global on January 15, 2014, while retained a minority stake. 
Since the 2009 AOL acquisition of Patch it failed to make money and estimates of AOL costs range between 200 to 300 million.

The terminated employees will get their yearly Aol bonuses, a payout for accrued vacation time and two months’ severance pay.  
By taking the severance package, they agree not to sue Aol.
Hale Global is an investment holding company with a 13-year track record as a buyer of underperforming divestitures from corporate parents. 

The firm has extensive in-house software and development teams, using turnaround skills predicated upon product innovation.

Information about Hale Global can be found at www.haleglobal.com and information about AOL/Patch is available at:  http://kennesawpatch.proboards.com/index.cgi


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »