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Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
In 1995, they introduced a search engine function, called Yahoo! Search, that allowed users to search Yahoo! Directory. [5] [6] it was the first popular search engine on the Web, [7] despite not being a true Web crawler search engine. They later licensed Web search engines from other companies. Seeking to provide its own Web search engine ...
By 1998, Yahoo was the most popular starting point for web users [31] and the human-edited Yahoo Directory the most popular search engine. [24] It also made many high-profile acquisitions. Its stock price skyrocketed during the dot-com bubble , closing at an all-time high of $118.75 a share on January 3, 2000.
Verizon Communications Inc said it had agreed to buy Yahoo Inc's core internet business for $4.83 billion in cash.
Verizon will retain a 10 percent stake in the company, which will be known as Yahoo at the close of the transaction and which will continue to be led by chief executive officer Guru Gowrappan.
The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion
On November 30, 2008, Microsoft offered to buy Yahoo!'s search business for $20 billion. [72] On July 29, 2009, a 10-year deal was announced giving Microsoft full access to Yahoo!'s search engine to be used in future Microsoft projects in its Bing search engine. [73] Under the deal, Microsoft was not required to pay any cash up front to Yahoo!.
Verizon is throwing in the towel on its content business, announcing plans to offload Verizon Media — which encompasses the AOL and Yahoo brands it acquired several years ago — in a $5 billion ...