11 Worst Tech Mergers and Acquisitions Ever

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8. Yahoo! and GeoCities

Value: $5.0 billion

Yahoo! Inc. (NASDAQ:YHOO) was once the front-page of the internet, but over the years a lot of things went wrong. It lost its focus in the search segment, losing ground to Google, which was much better at it. In addition, it made a number of bad acquisitions and failed to make many good ones, including its Facebook blunder in 2006. Yahoo was very close to buying the social media behemoth for just $1.1 billion, but lowered the price to $850 million after a terrible earnings report, which was ultimately rejected. Among the deals that Yahoo! Inc. (NASDAQ:YHOO) did complete, one that failed was GeoCities, a sort-of social network, where people created web-pages and posted them based on virtual geographic locations. At the peak of the Dotcom bubble in 1999, Yahoo! acquired GeoCities in a stock swap deal valued at $5.0 billion. However, under Yahoo! Inc. (NASDAQ:YHOO), GeoCities failed to grow and in 2009 it was closed in a cost cutting move. And now, let’s see what else we have in our list of worst tech mergers and acquisitions ever.

11 Worst Tech Mergers and Acquisitions Ever

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