Benzinga Once Considered Alley Insider, No Word From AOL Yet (AOL)

We read Alley Insider's post about AOL acquiring it with interest this morning because at one time Benzinga was considering acquiring the site as well. We were looking to acquire business site

in order to branch out our already substantial reporting capabilities. In the end, a deal could not be worked out, as other bigger fish, such as AOL

were circling the widely read site. According to an article on Silicon Alley Insider, AOL considered buying the site a couple of years ago. The deal never got done, however. According to SAI, "Apparently when AOL programming VP Marty Moe pitched the idea to then CEO Randy Falco, Randy said something along the lines of: 'Are you completely nuts?'" Silicon Alley Insider was started by former Wall Street internet analyst Henry Blodget. At Benzinga, we have not heard from AOL's M&A team yet, but we wouldn't be surprised if they come calling. We think that new CEO Tim Armstrong is well on his way to turning the company around and we would always be happy to hear from him.