End of an Era

web-pr-best-buy-purchaseWhile Speakeasy's CEO since 2003, Bruce Chatterley, had been successful in raising $24m, it has been at a fairly high price: The investors involved expected a return on their investment within just a few years.

Speakeasy struggled to find its footing as its own entity under the new leadership, and they instead chose to sell the company to Best Buy in an effort to satisfy the financial needs of the investors.

Speakeasy would function as a subsidiary of Best Buy for a few years, before ultimately being sold to an organization that was comprised of Speakeasy's primary DSL supplier, Covad Communications, and one of its former competitors, ISP MegaPath. The consolidated firms renamed themselves MegaPath and continue to operate today as a business-focused Voice over IP provider.

Snapshots

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Events & Experiences

Knowledge in Spades

Knowledge in Spades

I don’t think I’d ever had so much fun on the job, we laughed daily and the overall

Press: Speakeasy selling wireless assets to rival

Press: Speakeasy selling wireless assets to rival

After its experiments in WiMax didn’t pan out, and in preparation for its sell to Best Buy,

Press: Best Buy acquires Speakeasy in $97 million deal

Press: Best Buy acquires Speakeasy in $97 million deal

After running on its own steam for over a decade, Speakeasy is picked up by a major corporation.

Press: Speakeasy speaks to Best Buy’s business strategy

Press: Speakeasy speaks to Best Buy’s business strategy

When you spend over a decade building a loyal customer base, you’ve got to do a little PR to