Comment 71415

By JoeyColeman (registered) - website | Posted November 18, 2011 at 12:36:30 in reply to Comment 71414

The more I think about it, the more likely it seems that OpenFile's business model is to get bought out by Torstar in 18 mths (3yrs since their Toronto launch)

Much like IT start-ups work to get bought by Google, Microsoft, Amazon, Facebook.

Hamilton and Waterloo have little value to Torstar for expansion.

Of course, we don't know who exactly on Bay Street is funding OpenFile, what the investors wish in return. It's a private start-up company.

Their Halifax, Vancouver, Calgary, and Ottawa operations can be quite valuable to Torstar in a sale.

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