Monday 11 September 2023

In 1998 Google offered to sell its search engine to Yahoo for $1 million but Yahoo refused the Offer.


In 1998, Larry Page and Sergey Brin, the founders of Google, approached Yahoo to sell Google for $1 million ($1.5 million today). Yahoo refused the offer. That was a big mistake. But is that it? 

In 2002, Google was much more valuable. Now, Yahoo CEO, Terry Semel must have realized the true potential of Google. Yahoo approached Larry and Sergey to buy Google. Yahoo wanted to buy it for $3 billion ($4.32 billion today), but Google wanted $5 billion ($7.2 billion today). Yahoo refused the offer again. This was a huge mistake. On January 16, 2020, Google’s parent, Alphabet, became the fourth biggest tech company to be worth $1 trillion. They never got a chance to buy Google again.

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