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ChinesePod acquired!


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From their most recent newsletter:

There's also some very exciting news to report: ChinesePod has been acquired by Bigfoot Ventures, a Hong Kong-based communications, technology, education, entertainment and new media company. This move will allow us to offer you, our beloved Poddies, a more entertaining, comprehensive and beneficial ChinesePod experience down the road - we're psyched about it!

Good for the owners, who I think cultivated a good service and good brand over the years and deserve to cash in. But I'm also hoping that this doesn't result in significant changes to the pace of new lesson offerings... I'm a bit skeptical, but we'll see.

Any thoughts?

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Could they really have been worth much money? They've been downsizing for years and I was half-expecting them to go bankrupt, plus with their numerous blog posts about obtaining investors for numerous site upgrades lets me think they had essentially no cash in the bank.

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