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Broadcast.com $16 mill in losses, sales of $22 mill, sold to Yahoo for 5.7 Billion Broadcast.com $16 mill in losses, sales of $22 mill, sold to Yahoo for 5.7 Billion
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Old 03-18-2005, 09:52 PM   #1
Fred Quimby
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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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Old 03-18-2005, 09:54 PM   #2
Damian_Maxcash
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They must know something we dont......
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Old 03-18-2005, 09:55 PM   #3
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To move money/assets and hide them
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Old 03-18-2005, 09:55 PM   #4
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almost 6bil? interesting
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Old 03-18-2005, 09:58 PM   #5
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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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Old 03-18-2005, 10:07 PM   #6
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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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Old 03-18-2005, 10:16 PM   #7
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Was not bought cash.. it was a stock purchase... ;)
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Old 03-18-2005, 11:20 PM   #8
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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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Old 03-18-2005, 11:24 PM   #9
David!
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Billion?
You mean million?
Do you have a link?
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Old 03-18-2005, 11:24 PM   #10
Illicit
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the value of a good domain ;)
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Old 03-18-2005, 11:36 PM   #11
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Quote:
Originally Posted by PussyMan
Billion?
You mean million?
Do you have a link?
Looooong time ago.
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Old 03-18-2005, 11:39 PM   #12
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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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Old 03-18-2005, 11:44 PM   #13
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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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Old 03-18-2005, 11:57 PM   #14
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Quote:
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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