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Blodget to leave Merrill Lynch

The tech analyst is reported to have taken a buyout offer from Merrill Lynch
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Written by CNET Staff on

Internet stock analyst Henry Blodget will take a buyout offer from Merrill Lynch, taking advantage of a buyout offered to nearly 50,000 workers, according to published reports.

Blodget couldn't be reached for comment. A Merrill spokesman declined to comment.

The package is reportedly worth nearly $2m.

Blodget, 35, was catapulted into the spotlight when he predicted that shares of Amazon.com would soar to $400 in 1998. The Seattle-based e-tailer's stock did eventually surpass $400 a share.

However, he also took criticism about his stock picks, including Pets.com and eToys, both of which failed before they turned a profit.

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