Psyop and Fortissimo go their separate ways
The much talked about reverse merger between Psyop and Israel-based Fortissimo Acquisition Corp. has been shot down by the latter’s shareholders. The tumultuous economy was cited as the shareholders’ major concern.
Obviously, this means the previously mentioned merger with Stink isn’t going to happen. It also means Psyop won’t become a publicy traded company (at least not yet).
Maybe this is a blessing in disguise. Going public is an incredibly trying process, and it necessarily shifts a company’s priorities towards satisfying shareholders. Maybe by remaining private, Psyop is maintaining a core spirit of independence that will benefit them in the long run.
More details about the failed Fortissimo/Psyop deal can be found here and here.
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on Wednesday, October 8th, 2008 at 9:51 am.
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