It was the summer of 2002 and Yahoo failed to buy Google for $3 billion. Unbelievable? Let's remember the story… The early 2000s were decisive for Google. Long before Google became a verb (I google), Yahoo was the largest search engine on the internet. But slowly, Google began to gain popularity, and it even became Yahoo's search engine provider in 2000. By the summer of 2002, Yahoo tried to acquire Google for $3 billion, but Google rejected the deal as it considered it worth at least $5 billion. Of course, Terry Semel went crazy. Yahoo's CEO couldn't stomach the fact that a small business turned down $3 billion when at one point the Google founders were asking Yahoo for loans. This was in the summer of 2002, two years before Google went public. It was just before Google stock hit $500 a share, giving the company a market value of $147 billion, putting it just behind Chevron and ahead of Intel. The following year , Google launched Google News , a content aggregation service that could change the way digital media is published and distributed on the web. Today, Google and its parent company Alphabet have a market cap of $840 billion. Yahoo, on the other hand, was sold to Verizon in 2017 for just under $5 billion. Pretty ironic, don't you think? ______________________
- White House: Cyberattacks cost US $57 to $109 billion
- Google Assistant: multilingual speech recognition now available
- Google: our company also monitors offline
- Google One, the new Google Drive with cheaper prices
