Search results
Results from the Tech24 Deals Content Network
January 28, 1999: Yahoo! acquires Geocities for $4.58 billion in stock. April 1, 1999: Yahoo! acquires Broadcast.com for $5.7 billion in shares. 2000s 2000. January 3, 2000: Yahoo stocks close at an all-time high of $475.00 (pre-split price) a share. This price propelled them to the most valuable company in the world at the time.
The yahoo.com domain was created on January 18, 1995. [6] Yahoo! grew rapidly through 1990–1999 and diversified into a web portal, followed by numerous high-profile acquisitions. The company's stock price rose rapidly during the dot-com bubble and closed at an all-time high of US$118.75 in 2000. [7]
In 1998, Yahoo replaced AltaVista as the crawler-based search engine underlying the Directory with Inktomi. Yahoo's two biggest acquisitions were made in 1999: Geocities for $3.6 billion and Broadcast.com for $5.7 billion. Its stock price skyrocketed during the dot-com bubble, closing at an all-time high of $118.75/share on January 3, 2000 ...
At the time, Broadcast.com had 570,000 users and the purchase price was $10,000 per user. Cuban sold most of his Yahoo! stock that same year, netting over $1 billion. Founder Chris Jaeb, whose stake was diluted to less than 1% of the company, received approximately $50 million from the sale. The service became a part of Yahoo! Broadcast Services.
While the "marriage" didn't last, it was biggest corporate merger in history at the time. 2006: America Online drops its old name to officially become AOL and no longer charges for email services ...
yahoo .com. The original incarnation of Yahoo! Inc. [3] was an American multinational technology company headquartered in Sunnyvale, California. Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995. [4] [5] Yahoo was one of the pioneers of the early internet era in the 1990s. [6]
A typo in an earnings report made Lyft’s stock price rise by up to 70 percent, before settling down to within the normal range. The company’s CEO has taken the blame for the incident.
As of April 2008, the company's largest acquisition is the purchase of Broadcast.com, an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire. Most of the companies acquired by Yahoo are based in the United States; 78 of the companies are from the United States, and 15 are based in a foreign country.