Editing World Online
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Brink resigned from her job in April under pressure from employees and investors. In May, a class action was brought to a Dutch court alleging that World Online, its bankers, ABN Amro, and Brink broke Dutch securities regulations when the ISP floated on the Amsterdam stock market. |
Brink resigned from her job in April under pressure from employees and investors. In May, a class action was brought to a Dutch court alleging that World Online, its bankers, ABN Amro, and Brink broke Dutch securities regulations when the ISP floated on the Amsterdam stock market. |
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James Kinsella, an American, previously CEO of [[MSNBC.com]], replaced Brink as Chairman of World Online in June.<ref>{{Cite news|url=https://citywire.co.uk/wealth-manager/news/world-online-brings-in-big-gun-to-get-back-from-brink/a207022?ref=author/rlander|title=World Online brings in big gun to get back from Brink|work=City Wire}}</ref> He curtailed marketing and the editorial department, and fired 150 employees at the Rotterdam corporate headquarters. He focussed on becoming a network operator and increasing subscriber numbers by introducing a flat-fee service, but the company was limited in its success of stimulating growth. Kinsella eventually sold World Online to Tiscali, an Italian competitor, in a deal that valued WOL at more than $5 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/SB968316153586040872|title=Tiscali Agrees to Purchase World Online, Creating Europe's No. 2 Internet Firm|work=The Wall Street Journal}}</ref> |
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==Sale to Tiscali== |
==Sale to Tiscali== |