Lots of news reports about Geocities claim it was purchaed for “4 billion” dollars. But not really–that’s a pretty hefty rounding from 3.57 B. Also, that wasn’t cash, but magic boom time inflated stock. Yahoo was at $335.875 on announcement, so the deal amounted to about 10.6 million shares. Or at today’s values, a little over $150 million. Your call on whether they got their money’s worth. -m

This entry was posted on Saturday, April 25th, 2009 at 1:32 pm and is filed under commercialism, yahoo.