Yesterday may have been Labor Day, but today is Independence Day here at footnoted. That’s because earlier today, Financial Fineprint, a company that I run, bought both footnoted and footnotedPro back from Morningstar. Here’s a link to the official press release.
As most footnoted regulars know, Morningstar acquired footnoted in February 2010. Here’s the post that I did when the deal was announced. Since the terms weren’t announced then, we won’t be disclosing them now, which, I know seems ironic, given what this site is all about.
Over the next few weeks, I expect to start working on a number of changes to both the free and the Pro site — changes that I’ve been eager to make for quite some time now. If you have any suggestions, please don’t hesitate to post them below or email me directly. While I focus on some of these issues, posting will be lighter than normal. But I’ll continue to read SEC filings and will continue to actively tweet @footnoted.
This has been in the works for quite some time, which proves my theory that deals, even relatively small ones, rarely come together overnight and there are inevitably more complications than anyone expects.
There are a few people that I’d like to single out for helping me navigate this process: my attorney Steve Scott, Theo Francis and Sonya Hubbard, who continued to provide amazing content under some very challenging circumstances and some folks at Morningstar who were helpful during this transition. I’d also like to thank my wonderful husband, Scott Cooper (our anniversary is actually tomorrow) and my son, Soren, who is still too young to understand why mommy sometimes appeared to be pulling chunks of hair out of her head.