In 1999, Yahoo (YHOO) paid $3.65 billion for GeoCities. Today it sent out a “final notice” warning GeoCities users that its pulling the plug.
Yahoo is shutting down or selling a lot of businesses lately. (Find out what’s for sale here.) It’s all part of Yahoo CEO Carol Bartz’s plan to focus the company on the following products:
- Everything “mobile”
- Media experiences across sports, news, finance, entertainment
“Yahoo’s goal is to be at the centre of people’s online lives, and these efforts all support that,” says a source.
Here’s the farewell letter: