Broadcast.com $16 mill in losses, sales of $22 mill, sold to Yahoo for 5.7 Billion

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  • Fred Quimby
    Confirmed User
    • Jul 2004
    • 5430
    #1

    Broadcast.com $16 mill in losses, sales of $22 mill, sold to Yahoo for 5.7 Billion

    Why exactly did they pay 5.7 billion?
    Tags: None
    • Damian_Maxcash
      So Fucking Banned
      • Oct 2002
      • 12745
      #2
      They must know something we dont......

        Comment

        • ProjectNaked
          Confirmed User
          • Jul 2004
          • 4309
          #3
          To move money/assets and hide them

            Comment

            • tungsten
              Too lazy to set a custom title
              • Mar 2004
              • 10579
              #4
              almost 6bil? interesting
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                • DateDoc
                  Outside looking in.
                  • Feb 2005
                  • 14243
                  #5
                  and when you type in broadcast.com you get yahoo.com. That is a hell of a price to pay for a domain to forward it.

                    Comment

                    • 4Pics
                      Confirmed User
                      • Dec 2001
                      • 7952
                      #6
                      i think they bought technology that they use now for movies/videos all over their site, and i'm sure they get other perks we don't know about.

                        Comment

                        • Dax
                          Confirmed User
                          • Apr 2002
                          • 3161
                          #7
                          Was not bought cash.. it was a stock purchase... ;)

                            Comment

                            • warlock5
                              Confirmed User
                              • Jan 2004
                              • 2808
                              #8
                              Regardless, Yahoo is still alive and going strong. It may have been overvalued but it hardly killed them.

                                Comment

                                • David!
                                  By the wrath of Agamemnon
                                  • Apr 2004
                                  • 6501
                                  #9
                                  Billion?
                                  You mean million?
                                  Do you have a link?
                                  .

                                    Comment

                                    • Illicit
                                      wtf ?
                                      • Dec 2003
                                      • 11895
                                      #10
                                      the value of a good domain ;)
                                      Insert Sig Here

                                        Comment

                                        • Steen2
                                          Confirmed User
                                          • Feb 2004
                                          • 7662
                                          #11
                                          Originally posted by PussyMan
                                          Billion?
                                          You mean million?
                                          Do you have a link?
                                          Looooong time ago.
                                          ICQ: 2262.73945

                                            Comment

                                            • KRL
                                              Entrepreneur
                                              • Oct 2002
                                              • 31429
                                              #12
                                              And he'll pull the same rabbit out of the hat with his HDTV too no doubt.

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                                                • BradShaw
                                                  Confirmed User
                                                  • Oct 2001
                                                  • 7840
                                                  #13
                                                  Marc Cuban sure sold at the right time. Out of the .com era, nobody ended up with more $ than him.
                                                  Sig too big

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                                                    Comment

                                                    • The Adult Broker
                                                      Confirmed User
                                                      • Dec 2004
                                                      • 5265
                                                      #14
                                                      Originally posted by BradShaw
                                                      Marc Cuban sure sold at the right time. Out of the .com era, nobody ended up with more $ than him.

                                                      Marc used to be my roommate in '96-97. He created AudioNet before it became Broadcast.com. He hit the .com market right at primetime.

                                                      Marc has always been a successful business man, even before this, the Yahoo buy PLUS stock was just the result of a genius business man.

                                                      Yahoo had no idea the burst to come and they didn't translate well what he built nor anticipated the amount of competition on their heels.

                                                      And yes, it was 'billions' not millions fyi

                                                      on top of it all, he's a really nice guy!

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