New York Times, in 2008:
In a bold move to counter Google’s online pre-eminence, Microsoft said Friday that it had made an unsolicited offer to buy Yahoo for about $44.6 billion in a mix of cash and stock.
If consummated, the deal would redraw the competitive landscape in Internet consumer services, where both Microsoft and Yahoo have both struggled to compete with Google.
Then in 2016, Verizon acquires Yahoo! for $4.83 billion.
O how time flies, and how it drains billions along with it.
I thought I’ve seen this coming. Techcrunch reports:
After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities.
I just hope the new owner, Verizon, will be able to turn Yahoo! around. At the very least, I hope they can salvage what was left of it, especially those that were once great like Tumblr and Flickr, among others.