Patch Notes #087 — Yahoo, Sold for Parts
Verizon is buying Yahoo’s core business for $4.8 billion. YAHOO. The company that was the internet’s front door when I first touched a browser; the company that turned down buying Google for peanuts and turned down selling to Microsoft for $45B. Sold for the price of a nice office campus, to become part of a telco’s ad play. The kicker every article notes: Yahoo’s stake in Alibaba is worth VASTLY more than Yahoo itself — the acquisition they got right outperformed the entire operating company. There’s a lesson about portfolios and a meaner one about focus, and Yahoo is somehow the cautionary tale for both. ...