News: Best Buy Buys Speakeasy for $97m

March 28th, 2007

SpeakeasyBest Buy acquired one of my favorite ISPs for $97 million. Great for the Speakeasy guys! Bad for us. I’ll be taking them off my list of ISPs I recommend to my clients based on Geek Squad’s less-than-stellar performance to date.

Sidenote
One thing that jumped out at me:

In 2006, it had more than 40,000 customers.

This is pure speculation on my part, but there’s no way that figure is right. That would mean that either Best Buy paid over $2,500 per customer, or that number is seriously under-reported.

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