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Failed merge and acquisition cases in the Internet history
Bebo founder sold Bebo with 850 million US dollars in 2008, but later he bought it back with just 1 million US dollars. This news lets us think about those failed merge and acquisition cases in Internet history. Let's summarize some of them here.1. BeboBuyer : AOLAcquisition price : 650 million US dollarsSold price : 1 million US dollarsLoss: 849 million US dollarsIn 2008, AOL was still belong to Time Warner. It made a decision to acquire the third largest social networking site Bebo, The purpose of this acquisition is to complete its business transformation, from Internet service provider to ...
3,597 0 MERGE AND ACQUISITION LOSS MYSPACE