Yahoo shutting down Geocities
This isn’t necessarily surprising news. But it does seem like a good time to recall how much Yahoo spent to buy Geocities in 1999.
It was $3.6 billion.
From the Jan. 28, 1999 CNN story:
Based on Yahoo!’s closing stock price of $335.875 on Wednesday, the transaction is valued at roughly $3.57 billion, a hefty premium over GeoCities’ market capitalization of $2.3 billion.
Don Mecoy
Business Writer
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