Twitter users these days.
Tweet 1: From $100bn to $5bn, #Yahoo! made it happen.
Tweet 2: I can’t believe #Yahoo! got sold. This marks an end of an era.
Tweet 3: Wonder how my yahoo mail will look like. Excited!
Yes……Yahoo! got acquired by American telecommunications company, Verizon for $4.83 billion last Monday. But why is this deal hard to fathom for everyone? Why it shocked everyone? What’s the M&A story of YAHOO!?
Well…! Before coming to yahoo’s story, let’s understand, what’s M&A? Merger and acquisition where, a merger means a combination of two companies to form a new company, while an acquisition is the purchase of one company by another in which no new company is formed. The intention, quite reasonably, is that the resulting combination of products, people, and pipelines will take the business to new heights. So what’s up with Yahoo’s merger or acquisition? Yes, you get it right, an acquisition it is.
1990: Internet giant Yahoo was once worth $125 billion at the peak of the dot-com bubble in the late 1990s.
1994: Yahoo began as Jerry and David’s Guide to the World Wide Web, a directory of websites.
1998: Yahoo refuses to buy Google for $1 million.
2002: Yahoo realized its mistake and tried to buy Google for $3 billion. Google asked $5 billion. Yahoo refused.
2006: Yahoo made an offer to buy social networking site Facebook for $1 billion. Facebook refused.
2008: Yahoo refused to be sold to Microsoft for $40 billion.
2014: Yahoo was inspired by Modi Campaign. Still waiting for #Acche din! :p
2016: It’s over. Yahoo got #Verizoned.
Lesson for life
If opportunity does’ntt knock, build a door. But if it knocks, at least open the door. 😉
But we have lots of opportunities straight ahead. What if one opportunity would change your life?
Stay #zigsawed with us @ www.zigsaw.com
Article by : Ms. Charul Barola
