The Worst Internet Acquisitions Ever
The Internet can be a fickle beast. One day you can be the latest up and coming site, and the next a site that nobody uses. Seeking Alpha have put together a list of the worst internet acquistions ever, and it’s amazing how many names are on there who were once the darlings of the internet and either are no longer here, or have faded into obscurity.
Some of the deals included on the list are:
- Microsoft acquiring Hotmail in 1998 (I always assumed that Hotmail was an in-house development, but I guess the name should have given them away)
- eBay buying Skype
- Excite@Home acquiring Bluemountain.com
$780 million for an online greeting card site. ‘Nuff said.
- Yahoo acquiring Geocities for $3.56 billion
The worst deal ever is deemed to be Yahoo!’s acquisition of Broadcast.com for $5 billion.
I wonder how many recent deals will be in lists prepared in 5 years time? For example, will Google/YouTube be listed because of the amount of time Google had to spend in court? Will News Corp/Myspace be in the top 10?
I think that whoever picks up Digg when it is eventually sold (and it will happen) will be featuring highly in the charts. I really thing Digg’s bubble will burst soon, as it’s a one-trick pony in my view and one thing the internet has proven is that companies that don’t branch out and adapt, soon disappear off people’s radar.
More: Seeking Alpha
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