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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Jul 2004
Location: Long Island, NY
Posts: 5,430
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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?
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#2 |
So Fucking Banned
Join Date: Oct 2002
Location: MaxCash.com
Posts: 12,745
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They must know something we dont......
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#3 |
Confirmed User
Join Date: Jul 2004
Location: Detroit Areola
Posts: 4,309
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To move money/assets and hide them
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#4 |
Too lazy to set a custom title
Join Date: Mar 2004
Posts: 10,579
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almost 6bil? interesting
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#5 |
Outside looking in.
Industry Role:
Join Date: Feb 2005
Location: To Hell You Ride
Posts: 14,243
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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.
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#6 |
Confirmed User
Industry Role:
Join Date: Dec 2001
Posts: 7,952
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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.
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#7 |
Confirmed User
Industry Role:
Join Date: Apr 2002
Location: USA
Posts: 3,161
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Was not bought cash.. it was a stock purchase... ;)
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#8 |
Confirmed User
Join Date: Jan 2004
Location: Uranus
Posts: 2,808
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Regardless, Yahoo is still alive and going strong. It may have been overvalued but it hardly killed them.
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#9 |
By the wrath of Agamemnon
Industry Role:
Join Date: Apr 2004
Location: Miami
Posts: 6,501
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Billion?
You mean million? Do you have a link?
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#10 |
wtf ?
Join Date: Dec 2003
Location: GFY
Posts: 11,895
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the value of a good domain ;)
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#11 | |
Confirmed User
Join Date: Feb 2004
Location: Vancouver, Canada
Posts: 7,662
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Quote:
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ICQ: 2262.73945 |
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#12 |
Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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And he'll pull the same rabbit out of the hat with his HDTV too no doubt.
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#13 |
Confirmed User
Join Date: Oct 2001
Location: KB's trailer
Posts: 7,840
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Marc Cuban sure sold at the right time. Out of the .com era, nobody ended up with more $ than him.
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#14 | |
Confirmed User
Join Date: Dec 2004
Location: The World
Posts: 5,265
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Quote:
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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