SKORPI0
Lifer
- Jan 18, 2000
- 18,431
- 2,347
- 136
I still cant believe Yahoo bought Broadcast.com from Mark Cuban for $5,004,000,000 when the damn company only had a few million in revenue,.
Yes that was another crazy Yahoo acquisition 1999. Valuation at $5.7 billion .Wait. 1999? Are you fucking serious?
http://www.gurufocus.com/news/138012/mark-cuban-and-broadcastcom-the-multibillion-dollar-coup
When Broadcast.com was taken public it had fewer than $7 million in revenues, $28 million in equity, and an accumulated deficit of of nearly $10 million dollars in its brief history. In reality, the company had little or no chance of achieving profitability in the foreseeable future.