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9 Biggest Buyouts in Internet Stocks History

These multibillion-dollar buyouts weren't all winners

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#7. Yahoo Buys GeoCities

YHOO stock, yahoo stockYear: 1999
Sale Price: $3.6 billion
Inflation Adjusted Price: $5.1 billion

An online community of blogs (and more than a few GIFs), the GeoCities network was the third-most-visited website in the world in 1999.

Yahoo spent a pretty penny on acquiring the network, but high costs for all the data behind pictures and pages in an era when servers were much more expensive led to a big bottleneck on profits.

Of course, once Facebook (FB) blew up the old web landscape and easy-to-use platforms like WordPress emerged, Yahoo was forced to wind down GeoCities in the face of more competitive internet stocks. The service was closed at the end of 2009.

Article printed from InvestorPlace Media,

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