Britannica takeover of Wikimedia

On April 1 2005, Encyclopædia Britannica, The Ligatured Encyclopædia, announced its immediate semi-hostile takeover of the Wikimedia Foundation (to be known henceforth as Wikimædia) and all of its projects, including Wikipedia (now Wikipædia), Wikisource, Wikiquote, Wikibooks, and Wikinews. Founder Jimmy Wales, giving a brief statement to the New York Times from his Maui survivalist compound, was reported to be "extremely pleased" with the £633.7 million severance package given to each of the five-and-a-half trustees of the Wikimædia Foundation. Wikipædia is best known as the "encyclop[a]edia" that any old fool can edit.