There are certainly some funny ones here, including:
- Broadcast.com – acquired by Yahoo! in 1999 for $5 billion. Yahoo! paid a mind-boggling $710 per user back in the hey day of the bubble. But why does this rank higher than the AOL boondoggle? Two words: Mark Cuban. Yahoo’s ludicrous overpayment for Broadcast.com gave Cuban the money to go out and buy the Dallas Mavericks basketball team and permanently implant himself on the American psyche. Unforgivable.
- BlueMountain.com – acquired by Excite@Home in 1999. $780 million for an online greeting card site. ‘Nuff said.
I wonder what history will make of the YouTube acquisition? Google maintain that it will be a compliment to television, rather than a replacement.
Hmmm….I’m not so sure media companies will see it the same way. Particularly those who have already witnessed what a “compliment” to, say, newspapers means in reality 😉
I wonder if the media companies are going to get their own YouTube clone started?