What are your favorite examples of startup "exits" that turned out to be worthless to the acquiring company?
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"In 1999 for $5.7 billion (or over $10,000 per user)" my jaw just dropped what was the plan? - this was even before itunes
It was because Yahoo needed an answer to "What is your broadband strategy?"
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IIRC there was some worry that increased bandwidth would make Yahoo obsolete.
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I don't know if people at Yahoo actually worried about that, or if they had to do something because analysts did.
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