Yahoo! has spent a large sum of money on acquisitions. Yahoo! spent more than $100 million on many of the acquisitions. There were some acquisitions such as the acquisition of Tumblr in which Yahoo! spent over a billion dollars. Yahoo! even offered Mark Zuckerberg $1 billion back in 2006 to buy Facebook. Zuckerberg ended up saying no.
However, someone decided to offer his creation to Yahoo! in 1997 for $1 million. Although Yahoo! had spent hundreds of millions of dollars on other creations, this person decided that $1 million was a suitable price. Yahoo! did not acquire the creation for $1 million. Yahoo! rejected Larry Page’s creation…the one called Google. The funny thing is that Yahoo! acquired eGroups for half a billion dollars before getting the offer for Google. eGroups was created by Carl Page, Larry’s brother.
Yahoo! would have unquestionably dominated the web with Google by its side. Yahoo! would only have to compete against Bing for the leading search engine.
Too bad Yahoo! didn’t take the small risk. Now Google is worth well over $200 billion. To think that $1 million is all they would have needed to spend to own Google.