It was the summer of 2002 and Yahoo failed to buy Google for $3 billionmillions dollars. Unbelievable? Let's remember the story...
The early 2000s were defining for Google. Long before Google was a verb (googling), Yahoo was the biggest engine searchs in Internet.
But slowly Google began to gain popularity, and became the search engine provider even of Yahoo 2000.
By the summer of 2002, Yahoo tried to buy Google for 3 billions of dollars, but Google rejected the deal as it considered it worth at least 5 billions of dollars.
Of course Terry Semel went crazy. The CEO of Yahoo could not digest that a little business turned down $3 billion when at one point the Google founders were asking for loans from Yahoo.
This happened in the summer of 2002, two years before Google comes out on the Stock Exchange. It was just before Google's share surpassed 500 dollars per share, giving the company a market value of 147 billion dollars, which it brought just behind Chevron and in front of Intel.
The Google started the next year released it Google News , a content aggregation service that could change the way the digital media is published and distributed on the web.
Today, Google and its parent Alphabet have a maximum purchase limit of 840 billion dollars.
Yahoo, on the other hand, was sold to Verizon by 2017 for just under 5 billions of dollars. Quite ironic is not the fact?
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