Buying these 10 companies would've lost you $180 billion.
Wait never mind, you woulda been fired after a few.
Here are the 10 worst acquisitions of all time👇
Wait never mind, you woulda been fired after a few.
Here are the 10 worst acquisitions of all time👇
Time Warner
• When: 2000
• Who bought: AOL
• How much: $111 billion
AOL forgot how to negotiate here.
They paid 70% extra for each share of Time Warner stock.
2 years later, AOL took a $99 billion loss.
Ouch.
• When: 2000
• Who bought: AOL
• How much: $111 billion
AOL forgot how to negotiate here.
They paid 70% extra for each share of Time Warner stock.
2 years later, AOL took a $99 billion loss.
Ouch.
GeoCities
• When: 1999
• Who bought: Yahoo
• How much: $4 billion
GeoCities let you build your own website in the 90s.
It failed but Geocities-izer survives as a way to make your website look retro.
• When: 1999
• Who bought: Yahoo
• How much: $4 billion
GeoCities let you build your own website in the 90s.
It failed but Geocities-izer survives as a way to make your website look retro.
Kmart
• When: 2005
• Who bought: Sears
• How much: $11 billion
The combo created the 3rd biggest US retailer.
In 2007, company reported a $2 billion loss.
in 2018, they went bankrupt.
• When: 2005
• Who bought: Sears
• How much: $11 billion
The combo created the 3rd biggest US retailer.
In 2007, company reported a $2 billion loss.
in 2018, they went bankrupt.
Broadcast..com
• When: 1999
• Who bought: Yahoo
• How much: $5.7 billion
This made Mark Cuban a billionaire.
Yahoo split the biz into two different music + video services: Launchcast + Platinum.
Both completely tanked.
• When: 1999
• Who bought: Yahoo
• How much: $5.7 billion
This made Mark Cuban a billionaire.
Yahoo split the biz into two different music + video services: Launchcast + Platinum.
Both completely tanked.
aQuantive
• When: 2007
• Who bought: Microsoft
• How much: $6.3 billion
Called "Microsoft's $6 Billion Whoopsie"
They tried compete with Google in advertising
But aQuantive went to 0 within 5 years.
• When: 2007
• Who bought: Microsoft
• How much: $6.3 billion
Called "Microsoft's $6 Billion Whoopsie"
They tried compete with Google in advertising
But aQuantive went to 0 within 5 years.
NCR
• When: 1991
• Who bought: AT&T
• How much: $7.5 billion
AT&T desperately wanted to get into computers.
Nope.
AT&T later sold off NCR $3.4B
= $4.1 billion loss
• When: 1991
• Who bought: AT&T
• How much: $7.5 billion
AT&T desperately wanted to get into computers.
Nope.
AT&T later sold off NCR $3.4B
= $4.1 billion loss
Motorola
• When: 2012
• Who bought: Google
• How much: $12.5 billion
Motorola phones could've been the perfect pairing for Android.
2 years later, they sold Motorola for $2.9 billion.
= $9.6 billion loss
• When: 2012
• Who bought: Google
• How much: $12.5 billion
Motorola phones could've been the perfect pairing for Android.
2 years later, they sold Motorola for $2.9 billion.
= $9.6 billion loss
Excite..com
• When: 1999
• Who bought: (@)Home
• How much: $6.7 billion
1.5 years later the combo filed for bankruptcy.
• When: 1999
• Who bought: (@)Home
• How much: $6.7 billion
1.5 years later the combo filed for bankruptcy.
Chrysler
• When: 1998
• Who bought: Damler-Benz
• How much: $36 billion
Mercedes-Benz wanted world domination.
instead they got two teams that couldn't work together.
10 years later, Benz sold most of Chrysler for $7 billion
= $29 billion loss
• When: 1998
• Who bought: Damler-Benz
• How much: $36 billion
Mercedes-Benz wanted world domination.
instead they got two teams that couldn't work together.
10 years later, Benz sold most of Chrysler for $7 billion
= $29 billion loss
Palm
• When: 2010
• Who bought: Hewlett Packard (HP)
• How much: $1.2 billion
HP went after the smartphone market.
1 year later, they took a $3.3 billion loss.
• When: 2010
• Who bought: Hewlett Packard (HP)
• How much: $1.2 billion
HP went after the smartphone market.
1 year later, they took a $3.3 billion loss.
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